Minnesota home sales are strong across the state. Chris Galler CEO of Minnesota Realtors says the market is really good for buyers:
“Meaning we have buyers in the market place looking to buy, looking to up-size, needing a little more space for their families. Our problem has been what’s it’s been for the last few years, just not enough homes to satisfy all the buyers.”
Increased activity among buyers drove demand for homes in the under $300K category. Galler says multiple offers are pushing the median price higher as inventory remains low.