04/21/2026
Most of what you read about the local housing market is already outdated.
Why?
Because headlines are based on lagging data:
Closed sales = decisions made 30–60 days ago
Market stats = also based on past sales data
I did some digging to see what information is out there to describe the current Twin Cities real estate market and I was surprised by what I found.
According to high profile websites like Zillow, Redfin, Edina Realty, and even the local Minneapolis Area Realtors site, the following trends were used to describe the market:
- Homes are taking longer to sell
- Majority of homes are selling at or below list price
- There are less bidding wars and more buyer negotiation
This directly contradicts what I am experiencing with my clients in the current market.
And the reason is because these stats and trends are based on what happened in February, not whats happening in April.
So what’s actually happening right now?
- Well priced, move-in ready homes are selling over the asking price in multiple offers within 2 weeks of listing, often with no inspection contingency and occasionally to all cash offers.
- Fix & flip opportunities are being snapped up, also typically in multiple offer scenarios, within a few days of hitting the market.
- Multi-family (2-4 units) can sell quickly and in multiple offers if priced correctly, but if overpriced (most are) they tend to sit on the market longer.
- Commercial lease space (aside from office) is being rented out quickly and commercial building sales are also selling quickly if priced appropriately.
That’s the data you get when you talk to an agent who’s in it every day.
If you’re curious what’s happening in the real estate market at your price range or in your neighborhood, feel free to reach out—I can give you current market trends that reflect what's actually going on.