Twin Cities housing inventory hits 7-year high
Minnesota's housing inventory hit a seven-year high in July 2026 as new listings and sales rose in the Twin Cities and across the state.[1]
Statewide inventory reached 20,084 homes in July, a 9.1% increase and the highest level since 2019.[1] New listings in July rose 9.1% statewide and 8.0% in the Twin Cities metro compared with a year earlier, while statewide pending sales were up 2.7% and closed sales rose 11.2% year-over-year.[1] Year-to-date closed sales are up 2.7% and new listings are up 6.2%.[1] Median prices rose modestly to $375,000 statewide and $408,000 in the Twin Cities, increases of 2.7% and 3.3% respectively.[1]
New listings in July rose 9.1% statewide and 8.0% in the Twin Cities compared with a year earlier.[1] At the same time, closed sales were up 11.2% year-over-year and year-to-date closed sales climbed 2.7%, showing demand has remained resilient.[1]
That mix — more homes on the market alongside modest price gains — could give buyers more choice while keeping sellers competitive.
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📌 Key Facts
- New listings in July 2026 increased 9.1% statewide and 8.0% in the Twin Cities metro compared to a year earlier.
- Statewide pending sales rose 2.7% and closed sales were up 11.2% year-over-year; year-to-date closed sales are up 2.7% and new listings up 6.2%.
- Statewide median home price rose 2.7% to $375,000 and the Twin Cities median rose 3.3% to $408,000, while statewide inventory reached 20,084 homes, a 9.1% increase and the highest in seven years.
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