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Minnetonka Home Sales Prices Surge Illusion

minnetonka-median-sales-price

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...]

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TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.