JANUARY 2026
U.S. existing-home sales climbed 5.1% month-over-month and 1.4% year-over-year to a seasonally adjusted annual rate of 4.35 million units, the strongest pace in nearly three years, according to the National Association of REALTORS® (NAR). Lower mortgage rates and slower home price growth helped spur buyer activity, and sales increased month-over-month in every region. On an annual basis, sales rose in the South, held steady in the West and Midwest, and declined in the Northeast.
New Listings in the Twin Cities region decreased 10.8 percent to 3,909. Pending Sales were down 12.9 percent to 2,275. Inventory levels fell 3.0 percent to 7,356 units.
Prices continued to gain traction. The Median Sales Price increased 1.4 percent to $375,000. Days on Market was down 4.5 percent to 63 days. Sellers were encouraged as Months Supply of Homes for Sale was down 5.0 percent to 1.9 months.
Nationally, there were 1.18 million homes for sale heading into January, an 18.1%decline from the previous month but 3.5% higher compared to the same period last year, representing a 3.3-month supply at the current sales pace, according to NAR.Meanwhile, the median existing-home price rose 0.4% from a year ago to $405,400,reflecting a continued moderation in national price growth.
– SAINT PAUL AREA ASSOCIATION OF REALTORS®
