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Are home prices finally falling? You’ve probably seen the headlines saying the housing market is in decline — but here in Minneapolis–Saint Paul, that’s not exactly the case. In this October 2025 Real Estate Market Update, I break down what’s really happening in the Twin Cities housing market — including how it compares to big U.S. cities like Austin, Miami, and Phoenix, where prices are dropping fast. Here’s what we’ll cover: 📈 Twin Cities home price trends for both existing and new construction homes 🏠 Why Minneapolis prices are still rising while other markets fall 📊 What current inventory levels mean for buyers and sellers 💸 How price reductions are affecting active listings 🕰 Why “timing the market” rarely works — and what to focus on instead Right now, the median price for a single-family home in the 7-county metro is about $420,000, up 5% year-over-year. New construction is up even more — about 5.5% — with a median price just under $600,000. With over 8,000 active listings, we’re seeing more balance, but things are still moving here in Minnesota! If you’re relocating or thinking about buying or selling in 2025, this video will help you understand what’s really going on — without the national noise. 👋 I’m Mary Schumann, a Realtor here in the Twin Cities, and I love helping people who meet me on YouTube! Download my FREE Minnesota Relocation Guide below ⬇️ and reach out if you’d like a neighborhood-level breakdown of what’s happening in your area. 📍Free Minnesota Relocation Guide: https://maryschumann.kw.com/twin-citi... 📧 Contact Mary: mschumann@kw.com 🌐 Website: https://maryschumann.kw.com/ KW Integrity Lakes Realty 🌟🌟🌟🌟🌟 Read my reviews! https://bit.ly/MarySchumannGooglePage 🏘️ 🚚 Considering relocating to the Twin Cities? Check out my FREE relocation guide (email me to get a copy if the link is being weird) https://maryschumann.kw.com/twin-citi... 00:00 Minnesota vs the US real estate markets 00:40 Home value declines??? 01:16 Prices in Twin Cities 02:14 How many houses are available to buy? 03:06 How long are homes on the market? 03:28 What about price reductions? 03:57 Who REALLY sets prices? 04:28 We are ahead of last year for sold homes! 04:53 You know you want my advice