"Minneapolis experienced a 6.4% rise in active listings compared to December of the previous year, totaling 690 homes. Although this increase was more modest than the national growth of 12.1%, the city still offered a wider array of options for buyers. With just 180 newly listed homes, the year-over-year decline of 14.3% suggested a unique chance for buyers to explore less competition and potentially find hidden gems in this active market."
"The median listing price in Minneapolis fell by 5.4% from the previous year, reaching $304,975, a more significant decline than the national average of 0.6%. This price adjustment opened doors for buyers looking to invest in a market where value was becoming increasingly accessible. With the share of price reductions at 8.6%, slightly higher than the previous year, buyers had the chance to negotiate and secure properties at appealing prices. Homes in Minneapolis spent a median of 63 days on the market in December, maintaining stability from the previous year."
Active listings in Minneapolis rose 6.4% year‑over‑year to 690 homes, providing a wider selection for buyers despite fewer newly listed homes (180), a 14.3% decline. The median listing price dropped 5.4% to $304,975, a steeper decline than the national average, and price reductions comprised 8.6% of listings, slightly higher than the prior year. Homes spent a median of 63 days on market, unchanged from last year and quicker than the national median of 73 days. The combination of increased inventory, lower prices, and steady market timing created favorable conditions for buyers to negotiate and purchase.
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