October 2025
U.S. existing-home sales climbed 1.5% month-over-month and 4.1% year-over-year, reaching a seasonally adjusted annual rate of 4.06 million units, according to the National Association of REALTORS® (NAR). The increase was partly driven by falling mortgage rates, which recently hit their lowest level in more than a year. Regionally, monthly sales advanced in the Northeast, South, and West, while the Midwest experienced a slight decline.
New Listings in the Twin Cities region increased 2.6 percent to 5,887. Pending Sales were down 2.8 percent to 3,866. Inventory levels fell 1.3 percent to 10,322 units.
Prices continued to gain traction. The Median Sales Price increased 2.1 percent to $389,900. Days on Market was up 6.7 percent to 48 days. Sellers were encouraged as Months Supply of Homes for Sale was down 3.6 percent to 2.7 months.
Housing inventory edged up 1.3% from the previous month to 1.55 million units, 14.0% higher than the same period last year. This represents a 4.6-month supply at the current sales pace, according to NAR. The median existing-home price grew 2.1% year-over-year to $415,200, continuing the trend of annual price gains. The Midwest saw the largest year-over-year increase in median sales price, followed by the Northeast and South, while prices remained mostly flat in the West.
– SAINT PAUL AREA ASSOCIATION OF REALTORS®
