06/05/2026
The Fargo-Moorhead housing market is building serious momentum heading into summer, and May's numbers prove it!
In this month's market update, Erik Wall breaks down exactly what happened in May 2026 and what it means for buyers and sellers heading into June.
KEY STATS | MAY 2026:
• Pending contracts: UP 29.1% year over year
• New listings: UP 16.8% year over year
• Active inventory: DOWN 12.2% year over year
• Median list price: $385,000
• Median sale price: $322,450
• Median days on market: 25 days
• Sold-to-list ratio: 98.9%
• Absorption rate: 3.41 months
If you have been thinking about listing this summer, the buyers are already here. And if you are a buyer, 25 days median is a fast market. Pre-approval is best handled early!
Questions? Ready to make a move? Contact Erik!
📞 701-361-6916
🌐 fmwsrt.com
📧 [email protected]
Full Market Intelligence Report: fmwsrt.com/pages/market-intelligence