What's the Twin Cities real estate market like in 2026?

Inventory has been the story for a while. We've had more homes come to market than during the height of the shortage, but we're not back to the kind of selection that gives buyers real leverage in most price ranges. Well-priced homes in strong neighborhoods still move quickly. Overpriced homes sit — and the market is less forgiving about pricing mistakes than it was in 2021 and 2022.

For buyers: the frenzy of waiving everything and paying dramatically over asking has cooled, but don't mistake 'calmer' for 'easy.' You still need to be prepared, pre-approved, and clear on what you want before something you love hits the market. The buyers who do well are the ones who've done the homework ahead of time.

For sellers: pricing correctly from day one matters more than it did when everything sold regardless. The homes that sit usually sat because the pricing didn't match what the comps supported. A well-prepared, accurately priced home is still a strong seller. A home that's priced for the 2022 market is going to have a harder time.

For both: rates have stabilized enough that the paralysis of 2023 and 2024 has eased. People are moving again — maybe not at the pace of the peak, but for real reasons, in real numbers.

For a more specific read on what's happening in your area or price range right now, reach out. The zip-code level picture is always more useful than the metro-wide one.