December 2025
U.S. existing home sales ticked up 0.5% from the previous month to a seasonally adjusted annual rate of 4.13 million, marking the third consecutive monthly increase,according to the National Association of REALTORS® (NAR). However, sales were down 1.0% from the same period last year. Regionally, sales rose month-over-month in the Northeast and South, were unchanged in the West, and declined in the Midwest. On a year-over-year basis, sales were flat in the Northeast and South and fell in both the Midwest and West.
New Listings in the Twin Cities region decreased 4.0 percent to 2,564. Pending Sales were down 10.3 percent to 2,352. Inventory levels fell 3.9 percent to 7,216 units.
Prices continued to gain traction. The Median Sales Price increased 2.7 percent to$380,000. Days on Market was up 3.6 percent to 58 days. Sellers were encouraged as Months Supply of Homes for Sale was down 5.0 percent to 1.9 months.
The national median existing-home price continued to climb, rising 1.2% from a year ago to $409,200, according to NAR. This year-over-year increase—the 29th consecutive monthly gain—reflects ongoing tightness in housing supply. At the end of November, there were 1.43 million units for sale, down 5.9% from the previous month but up 7.5% from the same time last year, representing a 4.2-month supply at the current sales pace.
– SAINT PAUL AREA ASSOCIATION OF REALTORS®
