Posted on November 14, 2014 - 09:59 AM
by CU Realty
Per SPAAR, the St. Paul Area Association of Realtors, the average home sales price in the Twin Cities 7 county metro area for October 2014, rose to 252K. This is a 7.4% increase from 2013. Home prices in the Minneapolis-St. Paul areas have been steadily increasing over the last several years. We expect 2015 to be similar, with slightly increasing home prices. This shows a healthier, more stable housing environment, which is conducive to increasing home ownership.