• 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 August

    Average days on market - 40

    Median sale price statewide- $360,000

    New listings dropped by- 1.8%

    Inventory levels increased- 8.9%

    Inventory - 22,312 homes for sale.

    The number of homes that had a price reduction is 33.8%

  • Is it a Buyer's or Seller's Market in Minnesota?

    With a 5.7% price increase, the Minnesota housing market maintains neutrality but shows early signs of favoring buyers. Minnesota homes now spend 40 days on the market, providing buyers more time to consider their decisions. 33.8% of homes with price drops means increased seller flexibility. These emerging trends signal rising negotiation power for buyers.

    However, the Minnesota real estate market preserves key elements that prevent a complete buyer shift. A modest 4% inventory growth keeps buyer options in check. The tight 3-month supply sustains healthy competition among buyers. Sellers can expect continued interest despite fewer above-list offers. These stable conditions help maintain market equilibrium.

  • What Does It Mean for Home Buyers and Sellers?

    If You're a Buyer: More homes for sale in Minnesota mean increased choices for your home search. With the median days on market increasing, buyers may get more negotiating power. However, home prices continue to appreciate, so you should act quickly on well-priced properties.

    If You're a Seller: Minnesota real estate continues to see price growth, with a 5.7% YoY increase in the median home price. The 3-month supply period also favors sellers. Higher inventory means more competition, so it's crucial to price your home right.