What Twin Cities Homebuyers Need to Know
The Twin Cities spring real estate market is officially in full swing — and if you're planning to buy a home this season, you’re entering a competitive but exciting landscape. Here’s what you need to know about the Minneapolis–St. Paul market right now, and how to position yourself for success.
1. Inventory Is Loosening — But Not Everywhere
After years of historically tight inventory, 2025 is finally bringing a slight shift. Many Minneapolis and St. Paul neighborhoods are seeing more listings hit the market compared to last year, especially in first-ring suburbs like Richfield, St. Louis Park, and Roseville.
However, demand still outweighs supply in popular areas like Southwest Minneapolis, Edina, and Mac-Groveland, where multiple offers are still common.
Pro Tip: If you’re open to exploring lesser-known neighborhoods, you might find more opportunities — and less competition.
2. Mortgage Rates Have Stabilized
Good news for buyers: after the ups and downs of 2022–2024, mortgage rates have finally started to level off. Most buyers today are locking in rates between 5.75% and 6.25%, depending on credit and loan type.
This stability is helping more homeowners feel comfortable listing their current properties — and giving buyers a little more predictability when it comes to budgeting.
Pro Tip: Get pre-approved early. Sellers in the Twin Cities still favor offers from buyers who are financially ready to close quickly.
3. Some Neighborhoods Are Still Hot — Really Hot
While the broader market is balancing out, certain pockets are still highly competitive.
Right now, homes in Tangletown, Highland Park, and certain parts of Plymouth and Edina are still flying off the market, often within days. Turnkey properties priced between $350,000–$600,000 are especially in demand.
Pro Tip: If you’re targeting a hot neighborhood, be prepared to move quickly — and consider offering flexible closing dates or stronger earnest money to strengthen your offer.
4. Buying in Spring Still Offers Advantages
Buying in the spring gives you the widest selection of homes — and it sets you up to enjoy your new space just in time for summer. Plus, schools, parks, and neighborhood events are gearing up now, making it easier to settle in and build connections.
Pro Tip: Start touring now. Many sellers aim for May and June closings, meaning April and May are critical months for buyers to act.
Thinking About Making a Move?
Whether you’re a first-time buyer or planning your next move, understanding the nuances of the Spring 2025 market is key. Our team is here to guide you through it — from identifying the right neighborhoods to crafting a winning offer.
Ready to start your Twin Cities home search?
Contact us today and let’s make your 2025 move happen.
