The Twin Cities housing market missed key goals this year—falling short on new construction, affordable options, and Black homeownership—but July brought surprising momentum: more listings, more buyers, and a seven-year high in available homes. Prices are still climbing, but at a slower pace, giving buyers more leverage. Minnesota Realtors say the market is now the most balanced since 2017, with over 20,000 homes statewide and a 9.1% increase in inventory. Median prices rose 2.7% statewide to $375,000 and 3.3% in the Twin Cities to $408,000. Sellers who price realistically are seeing wins, and buyers are finally feeling room to negotiate.
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