What's Happening?
The housing market in the United States continues to experience a shortage of available homes, with inventory levels remaining below pre-pandemic figures. This scarcity has kept home prices high, even
as sales have slowed over the past year. In this context, online house hunting has become a crucial tool for prospective buyers. According to a 2021 report by the National Association of Realtors, 97% of homebuyers utilized online platforms to search for homes. Recent data compiled by Stacker using Realtor.com statistics reveals that people from various metropolitan areas are showing interest in purchasing homes in Minneapolis. The data, reflecting cross-market demand as of the third quarter of 2025, highlights significant interest from cities such as Chicago, Dallas, and New York, among others.
Why It's Important?
The ongoing housing shortage and elevated prices have significant implications for the U.S. real estate market and broader economy. As potential buyers from major metros like Chicago and New York look towards cities like Minneapolis, it indicates a shift in housing demand patterns. This trend could influence local economies, potentially driving up property values and impacting affordability for current residents. Additionally, the reliance on online platforms for house hunting underscores the growing importance of digital tools in real estate transactions. This shift may lead to increased investments in technology by real estate companies to enhance user experience and capture a larger market share.
