"In September, home prices rose substantially from the month before, with a median listing price of $338,675. The number of listings on the market grew 8.6% from last month, which is a bigger increase than normal for this time of the year in Minneapolis, and homes are also selling close to the same pace as the same time last year."
"Typically, home price per square foot in Minneapolis tend to fall in September. And the most recent data shows that the price per square foot decreased by 0.3% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the City of Lakes are smaller the national market."
"In September, there were 935 homes for sale in Minneapolis, which was 8.6% more than the month before and 3.0% less than the same time last year. Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407. Time on market Homes in Minneapolis take an average of 45 days to sell, according to September figures. This is two days less than the previous month and one day more than the same month last year."
Median listing price in Minneapolis rose to $338,675 in September, reflecting a month-over-month increase. Price per square foot in Minneapolis fell by 0.3% from the month before, compared with a 0.8% national decline, indicating smaller local price changes. Active listings in Minneapolis totaled 935, up 8.6% from the previous month and 3.0% below last September. Nationwide active inventory increased 0.2% to 1,100,407. Homes in Minneapolis averaged 45 days on the market in September, two days fewer than the prior month and one day more than the same month last year; the national average was 62 days.
#minneapolis-housing-market #median-listing-price #price-per-square-foot #inventory-and-time-on-market
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