The Twin Cities Metro Housing Market Report for Q3 2026 is now available — covering national macro trends, Minnesota labor market data, and suburb-by-suburb market panels through September 2026.
Key data highlights from the Q3 2026 report:
- Metro median sale price: $395,000 (MN Realtors, September 2026) — up 1.3% year-over-year, a sharp deceleration from Q2 2026’s stronger appreciation
- 30-year mortgage rate: 7.40% (Freddie Mac PMMS, October 8, 2026) — up 110 basis points from Q2’s 6.30%, the largest quarterly rate jump of the current cycle
- Plymouth median: $528,748 (Redfin, September 2026) — verified Q3 suburb data, up 4.0% year-over-year, outperforming the metro by a wide margin
- Sherburne County: +9.7% YoY — strongest price appreciation in the exurban ring; median now at $402,100 (Redfin, September 2026)
- 7,334 permits issued YTD through September 2026 — up 17% overall, but bifurcated: single-family down 2%, multifamily up 71%
- Days on market: 48 days (up from 44 in September 2025) — homes sitting longer as rate shock reduces buyer pools
- MN payrolls: 3,064,000 (September 2026) — +1.2% YoY but lost 4,600 jobs in September; private sector down 5,000
The full report covers all eight sections: national macro environment (GDP, CPI, NAHB HMI 29), Minnesota economy, Twin Cities labor market and job mix, housing supply and pricing, jobs-housing balance, core suburb panels (Plymouth, Minnetonka, Edina, Bloomington, Maple Grove, Mound, Crystal), exurban county panels (Wright, Carver, Sherburne, Scott), and an investor/builder/policymaker summary with four forward scenarios.
Read the full Q3 2026 Twin Cities Metro Housing Market Report →
Craig Kamman is a Realtor at Edina Realty Wayzata, property manager, and BRRRR investor with 25+ doors in the West Metro. Questions about how these trends affect your property or investment strategy? Contact Craig at 952-994-4451 or craigkamman@edinarealty.com.