Community Corner
MN Realtors Survey: Home Sales Increase In July, Buyers Show Interest In Home Offices, Outdoor Living Spaces
For the first time since April, home sales were up 12.2% year-over-year in July with a 7.5% increase in closed sales.
By WCCO-TV
August 12, 2020
Find out what's happening in Across Minnesotafor free with the latest updates from Patch.
MINNEAPOLIS (WCCO) – A new survey by Minnesota Realtors reveals an increase in homes sales in July and shows the ways in which the pandemic has increased the demand for certain home features.
For the first time since April, sales were up 12.2% year-over-year in July with a 7.5% increase in closed sales. The median price of a home has also increased 7.7% to $280,000.
Find out what's happening in Across Minnesotafor free with the latest updates from Patch.
“Increased activity among buyers drove demand for homes in the under $300K category,” said Chris Galler, CEO of Minnesota Realtors. “Multiple offers are pushing the median price higher as inventory remains low.”
Read more at CBS Minnesota
