Is the Minneapolis Housing Market Cooling? What Buyers & Sellers Should Know (Fall 2025)

Is the Minneapolis Housing Market Cooling? What Buyers & Sellers Should Know (Fall 2025)

With mortgage rates drifting down and late-summer data showing slower price growth, the Twin Cities market is edging toward “more balanced.” Here’s the quick pulse—and how to play it if you’re buying or selling.

Twin Cities • Minneapolis • Fall 2025

Quick Snapshot

Minneapolis City Prices

+1.5% YoY in August 2025; median sale price around $355K. Average time to sell: ~24 days.

Signals modest appreciation and steady demand citywide.

Metro Momentum

Pending sales up in August; new listings down slightly. Prices nudged higher across the…

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Minneapolis Real Estate Market Update: Prices, Inventory & Buyer Demand (September 2025)

Twin Cities snapshot • Updated September 15, 2025

Median Price (Metro)

$395,000

~2–3% YoY ↑ (steady growth)

Inventory

↑ modestly

New listings higher; still below balanced levels

Days on Market

~40 days

Longer marketing time vs. recent years

Buyer Demand

Stable/Cautious

Pending sales up slightly; competition mixed

What We’re Seeing Right Now

The Minneapolis & Twin Cities market is moving toward a more balanced feel. Prices are still edging up, inventory is improving (but not overflowing), and buyer demand is steady—if a bit more selective. Mortgage rates remain the swing factor: when they…

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What if my appraisal comes in low?

A low appraisal can feel like a setback — whether you're buying or selling. The good news: it doesn't have to derail the transaction. Here’s a clear, practical playbook for what to do next.

Why appraisals come in low

Appraisers estimate the fair market value based on comparable sales (comps), property condition, location, and market trends. Common reasons for a low appraisal include:

  • Weak or outdated comps: Nearby recent sales may be lower or not truly comparable (different lot, condition, or upgrades).
  • Rapid market changes: If prices moved quickly, the appraiser’s comparable window might not reflect the newest demand.
  • Condition issues: Needed repairs, deferred maintenance, or structural…

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Is Fall a Good Time to List Your Home in the Twin Cities?

Short answer: yes—Autumn can be an excellent window to sell in Minneapolis–Saint Paul.

If you’re weighing the timing of your sale in the Minneapolis–Saint Paul Twin Cities market, don’t sleep on fall. While spring gets all the headlines, September through early November often brings motivated buyers, cleaner competition, and that cozy curb appeal you can’t fake. Here’s why listing in the fall can work in your favor—and how to do it right.

Why Fall Works for Sellers

  • More Serious Buyers: Fall shoppers are typically on a deadline—relocations, new school terms, or wanting to be settled before the holidays—so they’re less likely to be “just looking” and more likely to write…

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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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New Construction vs. Existing Homes in Minneapolis – Which Is Right for You?

When it comes to buying a home in Minneapolis, one of the biggest decisions is whether to go with a newly built property or a classic existing home. Each option has its perks—and potential drawbacks. Here's a breakdown to help you figure out which path makes the most sense for your lifestyle, budget, and goals.

âś… The Perks of New Construction Homes

  • Modern Features: Open floor plans, energy-efficient systems, smart home tech, and contemporary finishes are often standard.
  • Low Maintenance: Everything from the roof to the furnace is brand new, so major repairs shouldn't be on your radar anytime soon.
  • Customization: Depending on the builder, you may get to choose…

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June Market Update - Twin Cities Real Estate

June Market Update: What’s Happening in Real Estate?

Across the U.S., existing-home sales saw a small but notable uptick in June, rising 0.8% from the previous month to a seasonally adjusted annual rate of 4.03 million units. That exceeded what many economists had predicted. However, year-over-year sales were still down slightly by 0.7%, according to data from the National Association of REALTORS® (NAR).

Regionally, sales increased in the Midwest, Northeast, and South, while the West saw a slight decline. Here in the Twin Cities, we’re seeing some positive momentum as we head into the heart of summer.

Twin Cities Market Snapshot

  • New Listings: Up 0.8% to 6,500 homes
  • Pending Sales: Rose 3.5%…

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Essential Summer Home Maintenance Tips for Minnesota Homeowners

Plus: Bonus Tips for Your Northwoods Cabin or Lake Home

Summer in Minnesota is short, sweet, and packed with activity. Whether you're a year-round resident or a seasonal cabin-goer, summer is the perfect time to stay ahead of home maintenance tasks. From prepping for sudden storms to managing mosquitoes, these tips are tailored for the Land of 10,000 Lakes.

1. Inspect and Seal Windows & Doors

  • Keep cool air in and humid air and pests out.
  • Look for signs of water intrusion or warped frames from spring thaw.

2. Check Roof & Gutters After Spring Storms

  • Hail and strong winds can damage shingles.
  • Clear out maple seeds and pine needles to prevent clogging.

3.…

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