Twin Cities Housing Market Update — February 2026

The Spring Market Is Approaching

As we head into the end of February, the Twin Cities real estate market is showing early signs of the spring surge. Here's what you need to know whether you're buying, selling, or investing.

Inventory Levels

Housing inventory across the Minneapolis-St. Paul metro has been gradually climbing since the start of the year. While we're still below the historical average, the increase gives buyers a bit more breathing room compared to the ultra-competitive market of recent years.

• Active listings are up roughly 12% compared to February 2025
• Days on market average around 35 days for well-priced homes
• New construction continues to fill gaps in the entry-level segment

Pricing Trends

Median home prices in the Twin Cities remain stable with modest year-over-year appreciation:

• Minneapolis: Median price hovering around $340,000
• St. Paul: Slightly more affordable with a median near $295,000
• Suburban markets (Edina, Eden Prairie, Maple Grove): Premium areas continue to see strong demand with medians above $450,000

The key takeaway: this isn't a bubble — it's a market finding a sustainable pace after years of rapid growth.

What This Means for Buyers

If you've been waiting on the sidelines, the current moment offers a solid window of opportunity:

1. More choices — rising inventory means you don't have to settle
2. Rate stability — mortgage rates have plateaued, giving you predictability
3. Negotiation power — well-informed offers with reasonable contingencies are being accepted again

What This Means for Sellers

Thinking about listing this spring? Here's the good news:

• Serious buyers are active — people searching in February are motivated
• Low but not desperate inventory — your home won't get lost in a flood of listings
• Pricing matters more than ever — overpricing leads to longer days on market; strategic pricing generates multiple offers

My Take

The best time to make a move depends on your personal situation, not market headlines. Whether you're a first-time buyer, looking to upgrade, or considering investment properties — let's have a conversation about what makes sense for you.

Ready to talk strategy? Get in touch or find out what your home is worth.