Median sales prices have been steadily rising since 2012, and November 2025 was no exception, with a median sale price of $387,000.
In fact, after slowing down over the summer and early fall months November showed the biggest year-over-year change since April.
The increase in median sales price of 2.9% over November 2025 is in spite a of negligible increase in new listings and falling pending and closed sales.
What did increase was the percent of listings that closed in November 2025 with multiple offers… the highest November percentage since 2020, and I have experienced more that are not mentioned in the MLS. This is helping feed price growth.
Days on market before pending is the same as last November, 50 days. Percent of list price received dropped 0.2%, to 97.4%. Median sales price increased to $387,000.
The total number of homes for sale dropped 1.7%, to 9,209… still close to 2024 but greater than 2022 or 2023.
Months supply of inventory has been falling since August, with November 4.0% behind last year at this time… a 2.5 month supply in November 2024 vs a 2.4 supply in 2025.
Breaking it out by price range and style, every price range has less than a 5-month supply indicating a seller’s market, even prices over $1,000,000. Condos continue to have the biggest supply of homes for sale.
New construction has a bigger supply than last year…. however, new condo inventory fell compared to last year last year while new house and townhouse inventory change grew.
The figures above are based on statistics for the combined 13-county Twin Cities metropolitan area released by the Minneapolis Area Association of Realtors.
Never forget that all real estate is local and what is happening in your neighborhood may be very different from the overall metro area.
Check with your Realtor for information on what is happening in your neighborhood.
Sharlene Hensrud, RE/MAX Results – shensrud@homesmsp.com
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