The latest numbers are in, and if you’re considering making a move—whether buying, selling, or just keeping an eye on the market—now’s a smart time to pay attention.

The Minnesota Housing Market Report for May 2025 shows us key trends that matter to you. Here’s a breakdown of what’s happening, what it means, and how you can take advantage of it.

📊 What the Numbers Are Saying:

• 16,215 homes for sale – up 10.1%

                     More inventory means buyers have more choices—but that also means more competition for sellers.

• Median sales price: $359,900 – up 2.8%

                      Values are continuing to rise steadily, which is good news for homeowners.

• Average sales price: $420,303 – up 1.9%

• Closed sales: 6,674 – down just 0.4%

                      A slight dip, but not alarming. Sales are still strong.

• Pending sales: 7,037 – up 1.7%

                      Buyers are still active and writing offers.

• Days on market: 37 – no change

                       Homes are selling at a steady pace—neither speeding up nor slowing down drastically.

• Months of supply: 2.9 – up 11.5%

                        We're not quite in a buyer’s market yet, but there’s more breathing room now than this time last year.

What This Means for You:

If You’re Thinking About Selling:

You’re in a solid position. Prices are rising, and demand is holding strong.

More listings mean buyers have more options, so presentation and pricing matter more than ever. Homes that show well and are priced right are still moving quickly.

Consider listing sooner than later. The increase in inventory could continue, which may balance the market more and slightly soften pricing power.

If You’re Buying:

You're likely to have more options now than earlier this year.

With prices still trending upward, waiting too long could mean paying more for the same home in a few months.

Interest rates and competition are factors—make sure you’re pre-approved and working with a local agent who knows how to navigate this market (hint: you're in the right place 😉).

How Long Will This Market Last? 

Right now, we’re in a window where the market is still favorable to sellers—but heading toward a more balanced setup. If inventory keeps rising and buyer activity doesn’t increase at the same pace, we could see some shifts later this year.

Key takeaway:

• Sellers still have leverage, but timing is key.

• Buyers have better opportunities than they did six months ago, but should still act efficiently.

Final Thoughts

Navigating today’s market takes strategy. Whether you're thinking about listing your home, buying your first one, or just want to talk through your options, I'm here to help.

Have questions? Curious about your home’s value or where to start as a buyer? Let’s connect—I’m always happy to provide insight, no pressure.