Hey Twin Cities homebuyers and sellers! In this market update, we'll break down the latest trends, numbers, and forecasts – giving you clarity and confidence in your property decisions. A big thanks to Minneapolis Area REALTORS ® for the comprehensive data! If you are a data geek like me, check out their reports here . Current Market Snapshot: Stability with Subtle Shifts As of November 2024, our 13-county Twin Cities region exhibits a stable market with gentle positive trends. Let's dive into the numbers: Median Sales Price: $380,000 – up 2.7% year-to-date. This moderate increase indicates continued demand and gradual appreciation. New Listings: 61,825 – increased by 8.2% year-to-date. More homes hitting the market means increased options for buyers and subtle growing competition for sellers. Pending Sales: 42,710 – rose slightly by 1.8% year-to-date. Consistent demand drives pending sales upward, reflecting buyers' ongoing interest. Closed Sales: 41,748 – nearly flat with...