Twin Cities home prices dip as market cools
Twin Cities median home price fell to $392,000 in April 2026, a roughly 2% year-over-year drop that marks the metro's softest housing market in about 14 years.[1]
Metro closings totaled about 3,800 in April, more than 3% lower than April 2025.[1] Homes took an average of 57 days to sell in April while new listings and signed purchase agreements increased statewide, including in the metro.[1]
Prices had climbed for years before this decline, and April's dip is the first significant drop in years.[1] New listings and signed purchase agreements rose statewide, loosening some upward pressure on prices.[1]
How those trends translate into summer closings will show whether April was a short pause or the start of a longer cooling in the Twin Cities housing market.
Show source details & analysis (1 source)
📌 Key Facts
- Twin Cities median home price in April 2026 was $392,000, down about 2% year-over-year — the first significant drop in years and the softest market in roughly 14 years.
- Metro home sales totaled about 3,800 closings in April, more than 3% lower than April 2025.
- Homes in the Twin Cities metro took an average of 57 days to sell in April, while new listings and signed purchase agreements increased statewide, including in the metro.
📰 Source Timeline (1)
Follow how coverage of this story developed over time