Spring will hopefully provide more inventory for the buyer demand in the metro!
Check out this Minneapolis Area Realtors report to learn more about the market:
The 2024 Twin Cities housing market highlighted a landscape where rising
prices, higher mortgage rates, and low inventory levels continue to shape
buyer and seller behavior.
- Sellers found opportunities to leverage equity gains while buyers faced challenges navigating affordability and competition.
- Despite these pressures, the Twin Cities metro market showed resilience, with the median home price climbing 3.3% to $380,000—the 13th straight year for rising prices.
- We also saw slightly longer market times, though offers remained strong averaging 98.7% of list price.
For a deeper dive into these trends, watch the press conference here.