In the market to buy or sell a home? Real estate is hitting new highs in the Twin Cities.

"I think what matters is affordability to people, and that seems to be a problem right now," said Richard Webb, who's a real estate agent with the Webb Group and has helped people buy and sell in the metro since 2004. "Right now, if you're a seller, you start with a little leverage. In 2010, if you were a seller, you had no leverage."

Minnesota Realtors, an organization uniting those who help clients buy and sell statewide, says seller activity in the Twin Cities is now 4.4% higher, while buyer activity is up 0.8%. New data shows that the metro is seeing a record high median of $401,000, which is the first time it's over $400,000.

Webb says millennials are a demographic buying like crazy, and the price they're willing to pay has kept his business busy.

"It's unaffordable for an average young couple," said Carolyn Brochman, who lives across from a Minneapolis home for sale. 

Brochman also went through the buying and selling process recently.

"I found it extremely stressful," she said.

The market is competitive. 

"Almost every house we see is getting multiple offers," said Webb. "Work with a seasoned agent that can help you position your offer most competitively."

Webb added that every suburb across the metro is on people's radar.

He said that area inventory is improving despite currently being a seller's market. The metro's many Fortune 500 companies also are a big influence.

Minnesota Realtors' recent housing report can be found here.