• 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 January 2026 Compared to 2025

    Average days on market - 63

    Median sale price statewide- $375,000

    Closed Sales YoY- Minus 17.7%

    Inventory levels decreased- Minus 3%

    Inventory - 7,356 homes for sale.

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

    Minnesota has a predictable seasonal and cyclical pattern largely driven by the harsh winter and school calendar.

    This winter, with its heavy snowstorms and persistently cold temperatures, has flattened the housing market. Recent data showed signs of neutrality overall, with a slight increase in days on market and a modest decrease in available inventory.

    Sellers may find it beneficial when inventory declines during the winter months, as reduced competition can draw more interested buyers through their doors.

    Buyers may benefit from slower season pricing when sellers need to move quickly.

  • What Does It Mean for Home Buyers and Sellers?

    If You're a Buyer: Fewer homes for sale in Minnesota means decreased 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 1.4% YoY increase in the median home price. The supply has reduced by 3% which will benefit the sellers as buyers have fewer options.