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You are here: Home / News / Housing market good in most parts of Minnesota

Housing market good in most parts of Minnesota

July 20, 2016 By Bill Werner

Home prices are at all all-time high in the Twin Cities, and Chris Galler with the Minnesota Realtors Association says though Greater Minnesota is a bit slower than the metro, most areas are doing well. Among the exceptions where the housing market is only mediocre: Rochester, where prices are up 4.4 percent but sales are down.  Galler says he was surprised at the Rochester numbers “because of all of the work that’s going on down there — but they really have some low inventory numbers, and I think that’s suppressing some of the sales.”  Galler says the Bemidji area is down slightly in median home prices….the Fargo/Moorhead and Fergus Falls area is up in sales but down slightly in prices…and the Willmar and Granite Falls area is up in sales, but off one percent in median home prices.  But Galler says the Arrowhead is “doing just fine, and even northwest Minnesota, up by Grand Forks and that area, is doing very, very well.”

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