The full Q2 2026 Twin Cities Metro Housing Market Report is now available. Here’s what the data shows for the Minneapolis–St. Paul metro area through June 2026.
Key takeaways
- Median home price: $410,000 — a new all-time high, up 2.1% year-over-year (MAAR/MN Realtors, June 2026)
- Months’ supply: 2.8 months — still below the 4–6 month balanced range, but the 34th consecutive month of inventory growth
- Active listings: 10,897 units — up 5.1% year-over-year, continuing the steady expansion
- National context: 30-year mortgage rate averaged 6.49% in June 2026; CPI at 4.2% YoY; payrolls grew +57K in June
- Minnesota employment: +13,200 jobs added in June 2026 (DEED); state unemployment at 4.4%
- Scott County: $442,185 median (+3.4% YoY), closed sales up 21.9% — strongest demand signal in the exurban ring
- Core suburbs: Maple Grove $432K with 100% sale-to-list in 18 days; Plymouth $500K with shrinking inventory
The full report includes detailed sections on national macro conditions, the Minnesota economy, metro labor market trends, housing supply and pricing data, jobs-housing balance with AMI affordability bands, seven core suburb profiles, four exurban county panels, and an investor/builder/policymaker summary with scenarios.
Data sources: BLS, Minnesota Realtors, MAAR, MN DEED, Conference Board, Freddie Mac, Census/NAHB, Todd Priebe South Metro Report, Edina Realty, Minneapolis Fed. Published July 21, 2026.