Twin Cities Real Estate Affordability Hits 5 Year High
12 March 2008 by Aaron Dickinson - Edina Realty
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The Minneapolis Area Association of REALTORS released their latest market update this week which shows a Housing Affordability Index number of 157… the highest affordability in 5 years and 14% higher than a year ago!
Though interest rates did tick up some in the last month, median sales price took another dip which more than made up for the rate increase and lead us with a Median Sales Price below $200,000 for the first time since Spring 2005:
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