• 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 November

    Average days on market - 45

    Median sale price statewide- $350,000

    Closed Sales YoY- Minus 6 %

    Inventory levels decreased- 3.6%

    Inventory - 15,626 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. Late fall housing data showed signs of neutrality with a slight increase in days on the market and inventory. Sellers may find it beneficial when inventory declines during the winter months. Buyers may also find the slower season to get better pricing on their purchase for those sellers that need to move quick.

  • What Does It Mean for Home Buyers and Sellers?

    If You're a Buyer: Fewer homes for sale in Minnesota mean 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 2.9% YoY increase in the median home price. The supply has reduced by 3.6% which will benefit the sellers as buyers have fewer options.