The numbers also show housing inventory continued to shrink, along with the amount of time homes stayed on the market before a sale. The median sales price increased by 6.4 percent from the previous March to $149,000. Homes spent an average of 144 days on the market — a drop of 10 percent.
Andy Fazendin, president-elect of the Minneapolis Area Association of Realtors, said the rise in home prices should lure more sellers into the market. “This is a pretty important moment just to make up a little ground as far as the price increase goes,” he said.
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