Today’s Market: Perception vs. Reality
We’ve had a lot of great conversations lately about the market — with buyers, investors, lenders, guest speakers at a recent RE/MAX event, and many of you who are simply curious about where things are headed. The perspectives definitely varied! Some people voiced concern; others were genuinely excited. We decided to look at the numbers. When we did, another message emerged: The perception of the market had shifted, yet the numbers have stayed steady.
Reviewing the latest data from Minneapolis Area Realtors, here’s what we found:
% of Original List Price Received: Still strong at 98.7% 2024 → 2025
Takeaway: Buyers and sellers are staying aligned on value.
Days on Market: 40 days in 2024 → 42 days in 2025
Takeaway: Homes are taking just a touch longer to sell – a pause, not a problem.
Median Sales Price: Up from $389,000 to $400,000 2024 → 2025
Takeaway: About a 2.7% increase — steady growth without the surge.
Months Supply of Homes for Sale: Holding steady at 2.8 months
Takeaway: Inventory remains tight, keeping the market balanced but competitive.
New Listings (Week of Oct 4): 1,474 2024 → 1,409 2025
Takeaway: Slight dip in new listings, typical for Fall as sellers look to Spring
Inventory of Homes for Sale (Week of Oct 4): 10,686 2024 → 10,688 2025.
Virtually identical — proof the market is holding its ground.
While conversations may feel different this Fall, the numbers show a market that is steady, balanced, and full of opportunity for those who plan their next steps thoughtfully.
Data from Minneapolis Area Realtors. Interpreted, Analyzed and Written by Kristin and John Beise, The Right Realtors
