May 2026 Market Report in South Metro
South Metro MN Real Estate Market Report
May 2026 | Dakota & Scott County
May’s numbers show a spring market with growing inventory, stronger buyer activity, and continued opportunities for both buyers and sellers across the South Metro.
Dakota County – May 2026 vs. May 2025
Average Days on Market: 33 (+6.5%)
Median Price Per Sq Ft: ~$199
Sales-to-List Price Ratio: 99.8% (-0.3%)
New Listings: 951 (+9.4%)
Months Supply: 2.8 (+7.7%)
Pending Sales: 667 (+11.2%)
Closed Sales: 570 (+4.2%)
What This Means:
Dakota County continues to show strong market activity. New listings increased nearly 10%, providing buyers with more choices while pending sales climbed over 11%. Despite homes taking slightly longer to sell, sellers are still receiving nearly full asking price. This indicates demand remains healthy heading into summer.
Scott County – May 2026 vs. May 2025
Average Days on Market: 37 (+23.3%)
Median Price Per Sq Ft: ~$206
Sales-to-List Price Ratio: 98.2% (-1.1%)
New Listings: 365 (+5.2%)
Months Supply: 3.0 (No Change)
Pending Sales: 234 (+26.5%)
Closed Sales: 218 (+14.1%)
What This Means:
Scott County experienced one of the strongest jumps in buyer activity we’ve seen this year. Pending sales surged over 26%, while closed sales increased 14%. Buyers have more inventory to choose from, but demand remains strong. Homes are taking longer to sell than last year, giving buyers more time to make decisions.
Key Takeaways for Buyers & Sellers
For Buyers
- Inventory continues to increase across both counties.
- Buyers have more choices and slightly more negotiating power.
- Homes are taking longer to sell, creating opportunities to move thoughtfully.
For Sellers
- Buyer demand remains strong, especially in Scott County.
- Proper pricing remains critical as inventory grows.
- Well-presented homes continue to sell close to asking price.
Thinking About Buying or Selling This Summer?
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Bottom Line
The May 2026 South Metro market remains active and healthy. Buyers are benefiting from increased inventory and more balanced conditions, while sellers continue to see strong demand when homes are priced correctly.
As we head into the summer market, having a local strategy matters more than ever. Whether you're considering buying, selling, or simply planning ahead, understanding these trends can help you make informed decisions.
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