Twin Cities Real Estate Market Update – July 2025

July 2025 Twin Cities Real Estate Market Update

A research snapshot provided by Minneapolis Area REALTORS®

National Housing Trends

According to the National Association of REALTORS® (NAR), U.S. existing-home sales fell 2.7% in July compared to the previous month, bringing sales to a seasonally adjusted annual rate of 3.93 million. Compared to one year ago, sales held steady. Regionally, sales dipped in the Midwest, Northeast, and South, while the West posted gains. On a year-over-year basis, the Northeast and West experienced declines, while the South and Midwest recorded increases.

Nationally, the median existing-home price rose 2.0% year-over-year to $435,300, marking a new monthly…

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Navigating High Interest Rates in Today’s Real Estate Market

Navigating High Interest Rates in Today’s Real Estate Market: A Buyer’s Guide

Published: August 2025

With interest rates remaining high well into 2025, many prospective homebuyers are finding themselves at a crossroads. The dream of homeownership is still alive—but the rising cost of borrowing has added new layers of complexity to the buying process.

Whether you're a first-time buyer or looking to make a move, understanding today’s market and adjusting your strategy is crucial. In this post, we’ll break down what’s happening with interest rates and offer actionable tips to help you navigate this challenging, yet still opportunity-filled, real estate landscape.

What's Going On…

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The Importance of Home Inspections When Buying in Minneapolis and the Twin Cities

Buying a home in Minneapolis and the Twin Cities is a big decision—whether it’s a charming bungalow in Longfellow or a modern townhome in Northeast, you want to know exactly what you're getting into. One of the best ways to protect your investment is by conducting thorough home inspections before you finalize your purchase.

Why Inspections Matter

Inspections provide a clearer picture of the home's condition, identifying potential issues that may not be visible during a showing. This gives you leverage for negotiations, confidence in your purchase, or even a reason to walk away if needed.

Recommended Home Inspections in the…

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