Eager Home Buyers Have Prices On The Rise In Minnesota

Source: Jim Buchta Star Tribune, Minneapolis (MCT) – Minnesota home prices got a healthy bump in March as confident buyers snapped up costlier houses.

The Median sale price rose 7.1 percent last month up $135,000, the biggest year-over-year increase since April 2010, according to a report from the Minnesota Association of Realtors®. Sales were also up in March, rising 7.5 percent year over year to 6,134.

The statewide numbers mirrored robust sales in the Twin Cities area in March, which brought the metro area its first monthly increase in nearly two years.