Minneapolis Real Estate Market Update – May 2025

The Minneapolis housing market is experiencing notable shifts this spring, influenced by evolving buyer demand, policy changes, and broader economic factors. Here's a comprehensive look at the latest developments:

Market Trends: Inventory Growth and Price Adjustments

As of mid-May, Minneapolis has seen a 6.32% month-over-month increase in active listings, totaling 1,245 properties. The median list price stands at $325,000, reflecting a 2.84% decrease from the previous month. Homes are spending an average of 54 days on the market, indicating a slight cooling compared to earlier in the year.

Despite higher mortgage rates—hovering around 7%—buyer activity remains steady, with a 1.8% increase in…

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