February 2025 Twin Cities Market Update | What Buyers & Sellers Need to Know!

🚨 February 2025 Twin Cities Market Update! 🚨

Are you thinking about buying or selling a home this year? Here’s a quick breakdown of what’s happening in the Twin Cities real estate market!

📉 New Listings: 1,114 (-5.5% from 2024) – Fewer homes hitting the market.
🕒 Days on Market: 66 (+17.9%) – Homes are taking longer to sell.
📊 Inventory: 7,049 (+0.3%) – Slight increase, but still a competitive market.
🔄 Pending Sales: 771 (-5.7%) – Fewer homes going under contract.
💰 Interest Rates: 6.79% – 6.93% – Rates remain high, affecting affordability.

What does this mean for you?
💡 Buyers: More time to shop, but interest rates play a big role—being financially prepared is key!
💡 Sellers: With low inventory, well-priced homes are still moving, but patience is needed.

📲 Thinking about buying or selling? Let’s chat! Call or text Lana Kalinowski 📞 Edina Realty 🏡 651-706-6661 or DM me!

Don’t forget to like, comment, and subscribe for more market updates! 🔔

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651-706-6661