If you’re thinking about buying or selling a home in the Twin Cities right now, you’re not alone in feeling unsure. The market is changing fast, and 2025 has already brought a mix of new challenges and fresh opportunities.
Inventory Is Up, But It’s Not Overflowing
In March 2025, the Twin Cities saw a 12% increase in new listings compared to last year. That might sound like a lot, but it’s still nowhere near the inventory levels we had in the late 2000s. Buyers have more choices than they did a year ago, which is good news. That said, demand is still strong, especially for homes priced between $250,000 and $500,000. Those listings are moving quickly.
Buyers Are Cautious, Not Gone
Homes are taking a little longer to sell, averaging about 69 days on the market. That’s slower than we’ve seen in years. High mortgage rates (still hovering around 6.5% to 7%) are giving buyers pause. That doesn’t mean they’ve left the market; they’re just taking more time and being selective.
If you’re buying right now, it’s smart to get pre-approved and stay flexible. Having a clear sense of what you can afford will help you act quickly when you find the right place.
Prices Are Still Climbing
Despite the inventory bump, home prices continue to rise. The median home price in the Twin Cities hit $380,000 in March, up 3.5% from last year. Sellers still have an edge, but only if their homes are priced well and show ready.
FAQs
Is it a buyer’s or seller’s market right now in the Twin Cities?
It’s still a seller’s market, but with more competition and longer sale times.
Should I wait for interest rates to drop before buying?
That depends on your situation. Rates may not fall significantly soon, so if you’re ready to buy, it’s worth exploring your options now.
How can I make my home stand out in this market?
Price it competitively, make small improvements, and work with a local expert who knows what buyers want.
What Sellers Should Know
Buyers are picky right now, and homes that need too much work or are overpriced are getting passed over. If you’re planning to sell, lean on a local agent who understands what buyers in your area expect. A small investment in updates or staging can make a big difference.
Work With People Who Know the Market
At Edge Real Estate Services, based in Lakeville, MN, you’re not just working with agents—you’re working with a deeply experienced and dedicated team that truly understands the local market.
Whether you’re buying, selling, or investing, you can count on personalized service and proven results from professionals like Brianne Lawrence, Curt Peterson, Larry Lawrence, Mandy Fredrickson, Missy Kissell, Liz George Winston, Sarah Brandner, Whitney Kocina, Craig Pahlen, Debbie Grendahl, Kirsten Antony, Lexi Kocina, Angie Voelz, Barbara Antony, Bob Cason, Jen Motzko and Bob Mundahl. With Edge, you’re always in capable hands. Get in touch with one of our real estate professionals today!
