Think People are moving out of the city? Thank again.
It’s been a tumultuous year for the U.S. housing market, and the Twin Cities is as prone as any region to increased housing demand, low inventory, higher prices, and competitive sales. According to Minneapolis Area Realtors, the decade-long sellers’ market is continuing as the median sales price of homes in the Twin Cities rose 7.9% to $340,000, and new listings fell 11.5% from October 2020.
Another trend that market watchers are seeing is the steady increase in the percentage of home sales in the Minneapolis/St. Paul urban market. Condo sales were up more than any other property type over the past year, rising 3.8%. And in August, closed sales in Minneapolis reached their highest level since…
158 Views, 0 Comments