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% represents year-over-year change

From: Minnesota Realtors® <info@mnrealtor.com>
Sent: Monday, 15 June 2026 18:07:01
To: Drury, Chris <chrisdrury@edinarealty.com>
Subject: May 2026 Housing Market Report  
[EXTERNAL] 

📊 Sales and inventory climb 
MAY BY THE NUMBERS
Spring market late but strong as sales and inventory climb
It seems the spring market was delayed, not cancelled. Statewide closed sales saw the strongest gain of the year at 2.8%, and pending sales (excluding April) posted their largest increase since September 2025.
New listings climbed 4.5%, reaching the highest level since June 2022. Inventory—up 6.0%—has now grown for 34 consecutive months, but remains well below what's needed for a balanced market.
The spring market is finally showing some momentum, but affordability remains a constraint for home buyers. More inventory helps, but it's only part of the equation. Closing the affordability gap can unlock the market's full potential.
—Wendy Uzelac, Minnesota Realtors® President
Friendlier mortgage rates would go a long way toward improving affordability and unlocking more activity. The economy has been sending mixed signals lately, but all real estate remains local and dependent on local jobs, incomes, and housing supply.
READ MORE 

STATEWIDE KEY METRICS
May 2026
% represents year-over-year change
New Listings —11,250 (up 4.5%)
Pending Sales—7,624 (up 6.8%)
Closed Sales—6,985 (up 2.8%)
Median Sales Price—$362,495 (up 0.7%)
Days on Market—54 (up 10.2%)
Percent of List Price Received—98.9% (down 0.4%)
Inventory—17,992 (up 6.0%)
Months Supply—3.1 (up 3.3%)

SPATIAL MARKET TRENDS
May 2026 mapped

JUNE 18 | 1 PM
The Data Dive
Join us for a special-edition Data Dive this week featuring Nick Erickson of Housing Affordability Institute and Housing First Minnesota. Get an expert perspective on housing affordability and policy in Minnesota, plus the latest market data from David Arbit. 
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FW: May 2026 Housing Market Report

Spring market late but strong as sales and inventory climb

The spring market is finally showing some momentum, but affordability remains a constraint for home buyers. More inventory helps, but it's only part of the equation. Closing the affordability gap can unlock the market's full potential.

—Wendy Uzelac, Minnesota Realtors® President

May 2026

May 2026 mapped

The Data Dive

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