"In November, home prices fell moderately from the month before, with a median listing price of $325,000. The number of listings on the market shrank 6.1% from last month, which is a smaller decrease than normal for this time of the year in Minneapolis, and homes are also selling at the same pace as the same time last year."
"Typically, home price per square foot in Minneapolis tend to rise in November. But the most recent data shows that the price per square foot decreased by 2.5% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the City of Lakes are larger the national market."
"In November, there were 870 homes for sale in Minneapolis, which was 6.1% less than the month before and 2.1% more than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. The number of new listings in Minneapolis was 336, which was 19.6% less than the month before and 2.3% less than the same time last year. Homes in Minneapolis take an average of 51 days to sell, according to November figures."
Home prices in Minneapolis fell moderately in November, with a median listing price of $325,000. Price per square foot decreased 2.5% month-over-month, diverging from the typical November rise. Nationally, price per square foot fell 1.2%, indicating larger declines in Minneapolis than the national market. Total inventory in Minneapolis was 870 homes for sale, down 6.1% from the previous month and up 2.1% year-over-year. New listings numbered 336, down 19.6% month-over-month and 2.3% year-over-year. Homes in Minneapolis averaged 51 days on market, six days longer than the prior month; the national average was 64 days.
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