November 27, 2022

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‘Worst inventory shortage’ drives Twin Cities house prices over $350K

What has been explained as the “worst inventory lack in a long time” is driving Twin Towns property prices to even increased heights, with the median product sales rate now reaching $353,000.

Which is according to the Twin Cities Housing Report from Minneapolis Place Realtors, which says the heating up of the spring marketplace merged with history low inventory carries on to push rates up.

In March, the median house sales price strike $353,000, a 7.5% boost in contrast to March 2021, and the first time the metro-vast median cost passed the $350,000 mark.