🏡 What’s Happening in the Twin Cities Market This Fall

The Twin Cities housing market held steady through much of fall, but activity has started to ease as we approach the holidays. Showings are slowing slightly, and both buyers and sellers are taking a more measured approach heading into year-end.

As of late fall:

• The median sale price across the metro remains just under $400,000, up about 2–3% year-over-year.
• Inventory sits around 2.7 months of supply, still well below the 5-6 month level that signals a balanced market.
• Mortgage rates are averaging in the range of 6.1–6.4% for a 30-year fixed loan. 

Snapshot: Whether you’re buying or selling, this is a moment of opportunity. Because rates remain elevated compared to the recent past, monthly payments matter more than ever. But because inventory is still constrained, well-presented homes continue to command strong interest.

What it means right now:

• Sellers: With fewer listings in the mix, you still have a chance to stand out. Focus on presentation, marketing, and pricing with the season in mind—the holiday slowdown means less competition, but also fewer impulse buyers.
• Buyers: The market pace has softened, which can create favorable conditions. Sellers may be more flexible—especially with homes sitting a bit longer. But because rates remain in the 6% range, make sure your finances are lined up and your timeline is clear.
• For both sides: Being prepared now will position you well when the spring market ramps up again.

If you’d like a custom snapshot of how your area is performing or what your home could sell for — let’s schedule a quick call or I can send a free report over email.

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Erik Molsather | Realtor®

Coldwell Banker Realty

📧 Erik.Molsather@cbrealty.com | 📞 (651) 357-6528