The Q3 2026 Twin Cities Metro Housing Market Report is now available. Key findings from MAAR August 2026 MLS data and national macro sources:
- Metro median price: 405,000 (16-county, +1.3% YoY) — modest appreciation despite rate headwinds
- 30-year mortgage rate: 7.03% (Freddie Mac, Sep 24, 2026) — highest since early 2024
- Months supply: 3.0 months (+7.1% YoY) — rising but still seller’s market
- Days on market: 45 days (+7.1% YoY) — pace slowing
- NAHB HMI: 32 (Sep 2026) — builder confidence at low level
- MN unemployment: 4.4% (Aug 2026); statewide payrolls 3.069M
- Twin Cities MSA employment: 2,111,594 (Aug 2026, not seasonally adjusted)
Core suburb highlights: Plymouth 546,900 (+6.2%), Bloomington 385,750 (+6.3%), Maple Grove 425,000 (-3.5%), Minnetonka 716,750 (-9.0%), Edina 770,000 (-1.9%).
Exurban county highlights: Scott County 475,000 (+9.2%), Wright County 417,450 (+1.8%), Sherburne County 377,400 (-4.7%), Carver County 525,750 (-10.3% — small sample, high volatility).