Do Sellers Really Outnumber Buyers? | Minnesota Housing Market 2025

You’ve probably seen the headlines: “Housing inventory is rising!” “Sellers are flooding the market!” But here’s the big question everyone’s asking: Do sellers really outnumber buyers in Minnesota right now?

In this week’s blog, we’re cutting through the noise and digging into the actual data—from MLS stats between April 2017 and 2025—to help you understand where the Minnesota real estate market truly stands. Whether you’re buying, selling, or just watching from the sidelines, this is your inside look at what’s really happening.

📊 Inventory Is Up—But It’s Still a Seller-Leaning Market

Let’s start with the facts. Yes, inventory has increased in 2025 compared to the ultra-low levels we saw from 2020 through early 2023. But does that mean we’ve flipped to a full-on buyer’s market? Not even close.

Here’s what the data says:

• Statewide inventory is up year-over-year, but still well below pre-2017 levels

• The Twin Cities metro is sitting at 2.6 months of supply (as of April 2025)

💡 Reminder: A balanced market is generally considered 5–6 months of supply.

At just 2.6 months, we’re still in seller-friendly territory, especially in price points under $500K. Well-priced, move-in ready homes are still selling quickly, often with multiple offers—especially in popular suburbs and school districts.

💵 Median Prices Are Holding Strong

If sellers were truly outnumbering buyers, we’d expect to see prices dropping. But so far, that’s not the case in most areas:

• Median sales prices across Minnesota are stable or slightly rising

• Price reductions are more common, but mostly on homes that were overpriced to begin with

• Buyers are more cautious—but they’re still active, especially when homes show well and are priced right

The bottom line: The market is more balanced than in recent years—but it’s far from tipping.

🤔 What This Means for Buyers

With a bit more inventory on the market, buyers now have more options and a little breathing room—but they still need to move quickly on the right home.

Tips for buyers right now:
✅ Get pre-approved before you tour homes
✅ Look at listings that have been on the market a couple of weeks—they may be more negotiable
✅ Be prepared to act fast on move-in ready homes in hot areas

Don’t expect massive price drops—but you may find more seller flexibility in terms of closing dates, inspections, or even concessions.

🏠 What This Means for Sellers

If you’re a seller, this isn’t 2021—but it’s still a great time to list, especially if your home is in good condition. The key difference now? Buyers are pickier and more price-conscious.

Tips for sellers in 2025:
✔️ Stage your home and make small updates (clean, neutral, bright sells)
✔️ Price it correctly—don’t chase last year’s peak
✔️ Expect more showing feedback and longer time on market (especially over $600K)
✔️ Work with an agent who understands how to position your home in a shifting market

🧭 Statewide vs. Twin Cities Metro Snapshot

Here’s a quick side-by-side breakdown:

Metric (April 2025) Twin Cities Metro Statewide MN

• Months of Supply: 2.6-3.0

• Median Sales Price: $385,000 $340,000

• Avg. Days on Market: 22 days-28 days

• Buyer Activity: Moderate-High Moderate

📉 Conclusion: Sellers don’t yet outnumber buyers—especially in the Twin Cities metro. The market is cooler than it was, but not cold.

📬 Final Thoughts: Should You Act Now?

The short answer? Yes—if it makes sense for your life.

• Buyers: You’ve got a bit more leverage, but you still need to be decisive.

• Sellers: You’ll get great value if you price right and prep your home well.

• Waiting? Rates may come down later in 2025—which could spark another buying surge and drive up competition again.

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The Minnesota market is shifting—but it’s still full of opportunity. Let’s help you make your next move with confidence. 🏡📈