"In October, home prices fell moderately from the month before, with a median listing price of $331,225. The number of listings on the market shrank 1.6% from last month, which is a bigger decrease than normal for this time of the year in Minneapolis, and homes are also selling close to the same pace as the same time last year. Home prices in Minneapolis Typically, home price per square foot in Minneapolis tend to fall in October. And the most recent data shows that the price per square foot decreased by 1.6% compared with the month before."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0..8%, which means price changes in the City of Lakes are larger the national market. Minneapolis inventory In October, there were 920 homes for sale in Minneapolis, which was 1.6% less than the month before and 3.4% less than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001."
In October, Minneapolis median listing price was $331,225, reflecting a moderate month-over-month decline. Listings on the market decreased 1.6% from the prior month and were 3.4% below the same time last year. Price per square foot in Minneapolis fell 1.6% month-over-month, larger than the national 0.8% decrease. There were 920 active homes for sale in Minneapolis in October. Homes in Minneapolis averaged 45 days on the market, unchanged month-over-month and year-over-year. Nationally, homes averaged 63 days on market and active inventory remained essentially unchanged at 1,100,001.
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