08/27/2026
Minneapolis: Price Cuts Rise, Deals Still Moving
We’re seeing an interesting mix in the Minneapolis market right now: as of August 7, about 38% of listings have experienced a price cut—up roughly 3 points from last year’s 35%, and that trend has continued for eight straight weeks. Inventory is notably higher, with around 6,700 active listings—about 22% more than the same time last year—giving buyers more options to choose from. Yet, even with the uptick in supply and more competitive pricing, activity remains healthy. New pending listings are up about 9%, and absorbed listings have risen 17%, showing that homes are still moving, even as reductions become more common. Pricing is also nuanced: the active median sits at $509K, while new listings are coming on around $456K, and homes under contract are hovering near a $460K median. For those navigating city living—whether that’s a downtown condo, a townhome, or an investment property—this environment means more competition for sellers but also continued momentum for buyers and investors ready to act on opportunities. Having worked extensively with Minneapolis condos and investment properties, I’m always watching these shifts to help clients negotiate favorable terms and find the right fit, whether buying or selling.
