• Our mission is to provide an outstanding level of service, be current, and knowledgeable in our field, and treat each client as an individual with their needs as our priority. Balhurst is founded on the principle of being a zero pressure brokerage.

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Market Updates

  • Minnesota Housing Statistics for September 2026

    • New listings rose 9.1%

    • Pending sales increased 2.7%

    • Inventory levels were up 9.1%

    • Months’ supply increased 6.1% to 3.5 months

    • The median home price was up 2.7% to $375,000

    • Market times were flat at 38 days (cumulative days on market of 48, up 4.3%)

    • Sellers accepted 98.3% of their list price on average, down 0.1%

  • Quick Summary

    The Minnesota housing market shows a median listing price of $395K and inventory of 36.0K active listings, reflecting available supply for buyers. Homes for sale spend a median of 43 days on market, signaling a moderate selling pace. Median rent stands at $1.7K, which continues to position rentals as an alternative for households weighing affordability versus home purchase.

  • What Does It Mean for Home Buyers and Sellers?

    If You're a Buyer: There is a three month supply of inventory. The current environment is favorable for buyers. Ask your agent what this could look like in an offer.

    If You're a Seller: Due to the increased inventory and winding down summer season, sellers may have to put in more effort to market their home. Enticing a seller could mean offering seller paid closing costs, updating appliances or mechanicals of the home, offering a seller paid home warranty or simply reducing the list price.