10/06/2026
๐ก HOME BUYERS - NOW may be the time to make your move.
Yes, mortgage rates are higher than weโd all like. But thereโs another side of the equation buyers shouldnโt overlook:
BUYERS HAVE LEVERAGE RIGHT NOW.
According to the September 2026 housing report from Realtor.com:
๐ 20.8% of homes nationwide had a price reduction the highest share for any month since October 2022.
๐ There are now more than 1.16 MILLION homes for sale nationwide, bringing inventory closer to pre-pandemic levels.
And here in the MinneapolisโSt. Paul market**, the numbers are even more interesting:
โก๏ธ Inventory is UP 31.2% from last year
โก๏ธ 23% of listings have had a price reduction
โก๏ธ The median list price is DOWN 4.1% year over year
What does that mean if you're thinking about buying?
More homes to choose from.
More motivated sellers.
More price reductions.
And more opportunities to negotiate on purchase price, closing costs, seller-paid rate buydowns, repairs and other concessions.
For the last few years, buyers often had to compete just to get a house.
Today, we're seeing opportunities to actually NEGOTIATE again.
Thatโs where having the right real estate team matters.
At Larson Property Group, Justin & Bre Larson help buyers look beyond just the asking price. We look at the entire deal and help identify opportunities to structure an offer that makes sense for YOU.
Whether that's negotiating the price, asking for seller-paid closing costs, structuring a rate buydown, or simply finding the right property without feeling pressured to overpay, we're here to help.
๐ก Justin & Bre Larson
Larson Property Group
Brokered by LPT Realty LLC
๐ฒ Thinking about buying? Letโs talk before the market shifts again.
Source: Realtor.com - September 2026 Monthly Housing Trends Report