Spring housing market: inventory down, buyer interest up

Author:
Updated:
Original:

Although eager buyers are looking for homes, the number of houses on the market in Minnesota remains low.

WCCO Radio reports that inventory is down more than 15 percent compared to last year.

New national figures released today show home sales at their highest level in three years, providing more evidence that the local residential market continues to rebound.

Minnesota Association of Realtors CEO Chris Galler told the station that all the elements arew in place for a strong spring market for, with prices are up more than 14 percent over last year. The median sales price for February was more than $142,000, compared to $125,000 for February 2012.

Next Up

Randy Dobnak

Michael Brantley, Astros pound Twins pitching in series finale

Randy Dobnak's six earned runs was part of a long afternoon.

Seimone Augustus

Lynx to retire jerseys of Seimone Augustus, Rebekkah Brunson next season

The former Lynx stars were a key piece of their four WNBA titles.

police tape, crime scene

Rushford police officer fires gun during report of a restraining order violation

The incident occurred on Highway 30 near the Rushford Municipal Airport.

lake water

18-year-old dies from drowning in Quarry Park

The incident is one of several drownings to occur in Minnesota in recent weeks.

Screen Shot 2021-06-13 at 8.28.44 AM

College pitcher from MN gets new prosthetic arm after his was stolen

A tough luck story turned out very positive for the Hawley native.

vaccine, covid

MN saw decline in routine child vaccinations amid pandemic

The CDC study looked at Minnesota and nine other states.

Water

Child hospitalized after drowning in Ham Like

Their current condition is not known.

pontoon

Man dies after falling from pontoon, being swept under boat

Friends believe he struck the motor while under the boat.

Related