MAAR released figures this week that show the Median Sales Price in the 13-county Twin Cities region fell in February to $195,060... the lowest level since 2003. Sparked by strong competition and lower demand from buyers, prices have moved sharply lower in just the last few months. While this news isn't exciting for sellers, it is a very positive development for buyers in this market (and for sellers planning to buy as well). With housing affordability now at 5-year highs in the Twin Cities and mortgage rates … [Read more...]
Housing News, Opinion, Statistics and Homes for Sale
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