07/21/2025
MN June Housing Report: Listings continue to outpace sales over the past 2 years, but MN remains a sellers market @ 3 months of supply (a balanced market is 5-6 months of inventory). Mortgage interest rates were flat from prior month and down 10 bps YoY. Despite improving inventory and mortgage rates, affordability concerns remain - specifically for new buyers looking to break into the market. A good Realtor can help a new buyer navigate this market, minimize barriers of entry, and find the best value in their investment. On the Seller side, Seller's continue to find their desired price with median sales price up 4.2% YoY @ $370K.