Minneapolis Real Estate Blog

There were more buyers than sellers in many parts of the Twin Cities last month, boosting prices and closings in what’s been the best fall market in a decade. During September, there were 5,114 home sales with a median sale price of $222,000 in the 13-county metro area, according to data released Tuesday by the Minneapolis Area Association of Realtors. That was a 12 percent increase in sales and a 8.3 percent increase in prices compared with last September. The market was strong all through the spring and summer and near-perfect weather for house shopping kept it that way as fall arrived. “The warm season and good rates continue to keep the market active,” said Kevin Sharkey, president/owner of Better Homes and Gardens Real Estate All Seasons in Chanhassen. With sales outpacing listings in some areas and fewer new listings compared with last year, it is still a seller’s market.

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