Twin Cities Real Estate Market Update | July 2025: Inventory Up, What it Means for Buyers & Sellers

Описание: Welcome to your July 2025 Real Estate Market Update for the Twin Cities, brought to you by Justin Campbell with eXp Realty Minnesota!

In this video, we break down the latest national and local housing market trends to help you navigate buying or selling a home in Minneapolis, St. Paul, and the surrounding Minnesota areas.

Here's what we cover in this month's update:

National Housing Market Overview: Discover how increasing inventory and price reductions by homebuilders are impacting new-home sales across the U.S. (Source: NAHB/Wells Fargo Housing Market Index). We'll discuss the average price reduction of 5% and the rise in sales incentives.

Twin Cities Local Data (Week Ending July 12):

New Listings: Up 9.9% to 1,843

Pending Sales: Up 3.9% to 949

Inventory: Up 5.8% to 9,901

Insights for Buyers: With new listing velocity outpacing pending sales, learn why waiting 1-2 days on new listings could give you a negotiation advantage. More opportunities are available for homebuyers!

Insights for Sellers: Strategies for shining in a competitive market. Should you get aggressive on price? We discuss creating urgency and tailoring your approach with your agent.

Twin Cities Monthly Data (June 2025):

Median Sales Price: Increased 2.8% to $401,000

Days on Market: Increased 11.4% to 39

Percent of Original List Price Received: Decreased 0.1% to 100.0%

Months Supply of Homes For Sale: Increased 4.0% to 2.6

Interest Rates & The Economy: My perspective on current interest rate discussions and why the market is progressing as expected. When will rates go down? We explore the long-term outlook for homeownership and inflation.

Whether you're looking to buy your dream home, sell your current property, or simply stay informed about the Minneapolis and St. Paul real estate market, this update is for you!

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