How to price a home in Minnesota when the market is slowing

With mortgage rates on the rise and home sales slowing, it’s an especially confounding — and precarious — time to be a seller in Minnesota.

Here’s what’s happening:

• Price gains are slowing, but on average sellers are still getting nearly their asking price.
• There are fewer buyers, but listings are still in short supply.
• Price reductions are the rise, but houses are still selling more quickly than normal.

Right now, this fall and heading into winter, what matters when pricing your home?

Comparisons have changed. Ignore what your neighbor sold their home for this summer — and what a prospective real estate agent may say about their record this spring and summer.

Instead, focus on what has been…