Weichert, Realtors® – Paulson Land Company is inviting clients and community members to a festive Holiday Open House on December 10 from 5:00-7:00 p.m. at their office located at 106 N
Seasons change. The market does too.
Dated: November 20 2025
Views: 219
A lot of people want to know - what’s the deal with the housing market right now?
Over the last 5 years, we saw unprecedented growth and pacing in the real estate market. The COVID boom, spurred by low interest rates, more workers telecommuting, and a reshaping of cultural priorities, pushed the housing market into historical territory. Home prices are at an all-time high, with affordability waning behind. 2025 marked a period of change. We’re in a period of cooling overall sales, higher inventory, and lower upward pressure. Does this mean there’s a bubble about to burst? Not in any way. What it does mean is that the market is ripe with opportunity.
Sellers in today’s market are well informed. Many have watched homes sell like crazy over the past 5 years. Pricing homes competitively is always important - though a bit less so during times of incredible buyer interest and low inventory. Now, finding a list price supported by market data and local expertise is paramount to successful marketing. The data does indicate that we are still in a “seller’s market”, though the gap may be closing. What this means in real terms is that we are seeing more listing competition, longer days on market, and seller concessions come back into play.
Home buyers, too, come armed with a good deal of knowledge about the local market. Some have been searching for years, others are just entering the market. The majority of 2025 saw less appealing interest rates, leading some buyers to hold off for more favorable terms. The latter portion of the year has shown steady improvement in mortgage rates, opening the door a little wider for buyers when it comes to affordability and purchase power. Buyers are able to enjoy a bit more negotiating power than they have had in the past few years.
Overall, we are heading into our “slow” season. November through February historically show a declining number of sales as Minnesotans hunker down for the winter. Savvy buyers will take advantage of lesser competition as they continue their search. Sellers looking to capitalize their sale with fewer comparable properties on the market can look forward to a well-qualified and motivated buyer pool.
You’ll always hear that the best time to buy was 5 years ago, the next best time is NOW. Whether you’re searching for your first home, downsizing, or planning for the summer, don’t make the mistake of believing that nothing happens in the chill of winter. It might just be your best bet!
Erin Haugrud
I was raised in Henning, MN, a small and welcoming community which helped instill in me a heart for service. My husband, Chris, and I now make our home in a charming old house between Battle Lake and ....
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A lot of people want to know - what’s the deal with the housing market right now?Over the last 5 years, we saw unprecedented growth and pacing in the real estate market. The COVID boom,
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Weichert, Realtors® - Paulson Land Company are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black
house) and detailed information about them includes the name of the listing brokers.
Information is deemed to be reliable, but is not guaranteed. © 2026 MLS and FBS. Prepared by SASI - Lake Region Association of REALTORS on June 13, 2022 7:16 PM UTC The broker providing this data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
The broker providing this data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
The information
