In May 2025, Minnesota home sellers were more active than home buyers, which, in a nutshell, means that there are now more houses on the market. Median home prices rose by less in the metro area than outside of it.
Listings are up and inventory is rising in 2025 while sales remain flat.
Key Updates: According to new data from the Minnesota state and Twin Cities metro REALTOR® Associations, new listings, pending sales, inventory, and prices all rose again in May.
Statewide seller activity rose 5.3% in May and is up 6.3% for the year.
The typical all-in mortgage payment in Minnesota stands at $2,637, including all counties, property types, and price ranges. That’s about $1,000 more per month than in 2021.
Statewide median home price rose 2.8% to $360,000 while the metro’s rose 2.6% to $395,000.
