Looking at a recent copy of the Minneapolis Area Association of REALTORS' market update for Minnetonka you will see a stunning figure: Minnetonka's median home sales price is up an astounding 8% versus last year and the average sales price is still showing a healthy 5% increase over last year as well. Sounds like prices in Minnetonka are heading up right? Not so fast.... I am a huge numbers geek and while most of the time averages are a good way to understand an overall trend, in times of great flux they can … [Read more...]
