November Housing Market Update - Minneapolis Area …

Dec 17, 2024 · Market times across the state rose 12.5% to 45 days, and inventory was up 3.9% to 14,398 (Dec. 17, 2024) – According to new residential market data from the Minnesota state …

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November Housing Market Update - Minneapolis Area …

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Dec 17, 2024 · Market times across the state rose 12.5% to 45 days, and inventory was up 3.9% to 14,398 (Dec. 17, 2024) – According to new residential market data from the Minnesota state …

mplsrealtor.com

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November 2024 Housing Market Report - Mnrealtor.com

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Dec 17, 2024 · All real estate markets are local. A few hours north of Minneapolis , the median home price in Grand Rapids rose nearly 30.0 % but stood at $270,000. Just 40 minutes east of …

mnrealtor.com

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Monthly Indicators For The Twin Cities - 10K Research

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over-month and 19.1% year-over-year to 1.37 million units heading into November, for a 4.2-month supply at the current sales pace, according to NAR. Despite a wider selection of …

10kresearch.com

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Minneapolis Home Prices Rose Proportionally Less Over 5 ... - CBS …

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Nov 18, 2024 · According to a CBS News price tracker, the cost of the typical home in Minneapolis increased by $79,125, from $295,269 in Oct. 2019 to $374,394 this October. …

cbsnews.com

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Housing Supply Hits 4-Year High As Many Homes Linger On …

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Dec 30, 2024 · Over half of home listings last month sat on the market for 60 days or longer—the highest November share since 2019. That’s a major reason housing supply jumped 12%. …

redfin.com

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November Housing Market Update - Kaselhomes.com

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A few hours north of Minneapolis, the median home price in Grand Rapids rose nearly 30.0% but stood at $270,000. Just 40 minutes east of there—in the heart of the Iron Range—the median …

kaselhomes.com

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November Housing Market Update - Jhcallahan.com

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Market times across the state rose 12.5% to 45 days, and inventory was up 3.9% to 14,398 (Dec. 17, 2024) – According to new residential market data from the Minnesota state and Twin Cities …

jhcallahan.com

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November Housing Market Update - Tedbergstrom.com

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Dec 19, 2024 · Market times across the state rose 12.5% to 45 days, and inventory was up 3.9% to 14,398 (Dec. 17, 2024) – According to new residential market data from the Minnesota state …

tedbergstrom.com

FAQs about November Housing Market Update - Minneapolis Area … Coupon?

How competitive is the Minneapolis housing market?

The Minneapolis housing market is very competitive. Homes in Minneapolis receive 2 offers on average and sell in around 33 days. The median sale price of a home in Minneapolis was $341K last month, up 4.8% since last year. The median sale price per square foot in Minneapolis is $214, down 1.4% since last year. ...

What happened in the Minneapolis housing market in May 2024?

The inventory of homes for sale in May 2024 was 852, an increase of 8.1% from 788 in May 2023. The months supply of inventory also increased by 14.3%, from 2.1 months in May 2023 to 2.4 months in May 2024. Several notable market trends have emerged in the Minneapolis housing market in 2024. ...

Is Minneapolis a hot seller's market in 2024?

It is a hot seller's market in Minneapolis in 2024 with rising prices, fast sales, and low inventory. In 2024, the Minneapolis housing market has seen a slight increase in home sales. Comparing May 2024 to May 2023, the number of closed sales rose by 2.5%, from 438 to 449. ...

Are home prices rising in Minneapolis in 2024?

Home prices in Minneapolis have continued to rise in 2024. The median sales price in May 2024 was $339,450, a 4.4% increase from May 2023's $325,000. Over the rolling 12-month period, the median sales price also saw a modest increase of 1.0%, from $318,950 to $322,000. ...

Does Minneapolis have a housing supply in 2024?

The housing supply in Minneapolis has expanded in 2024. The number of new listings in May 2024 was 647, a slight increase of 0.6% compared to 643 in May 2023. However, the rolling 12-month period saw a decrease in new listings by 4.1%, from 6,147 to 5,894. ...

Is Minneapolis a good place to buy a home?

Home Values on the Rise: The average Minneapolis home value currently sits at $338,880, reflecting a 2.4% increase over the past year. This indicates a seller's market, where demand is outpacing supply. Fast Selling Homes: Homes in Minneapolis are going pending in around 19 days, signifying a competitive market with buyers ready to act quickly. ...