"The Minneapolis metro is currently a standout for value, with active listings growing by 10.2% year-over-year, even as new listings fell by 5.1%. This increase in total available homes is a major win for buyers who want more variety and less competition."
"The median list price currently sits at $404,900, representing a notable 4.7% decrease year-over-year. Buyers are also seeing better value on a square-foot basis, with the median list price per square foot dropping 1.7%."
"The wider Midwest region is also seeing a robust expansion in choice, with active listings jumping 10.3% year-over-year and new listings rising by 1.1%. However, the regional price trend contrasts with the local Minneapolis dip."
The Minneapolis-St. Paul-Bloomington metro area has seen a 10.2% increase in active listings year-over-year, despite a 5.1% drop in new listings. The median list price is $404,900, reflecting a 4.7% decrease from last year. Homes are spending four more days on the market, providing buyers with more time to decide. In contrast, the broader Midwest region has a 10.3% increase in active listings and a 1.4% rise in median list price to $299,000, with properties also remaining available longer.
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