Sep
4

Real Estate Update | Why Hire a Real Estate Attorney?

The median sales price for homes in the Minneapolis area from May 14 to Aug 14 increased slightly over 10% compared to the prior quarter and approximately 7.5% compared to the prior year. The five-year sales prices trend shows appreciation, on average, of 14.1% over the last 5 years in Minneapolis. The median home value in the Minneapolis area is $199,800, an increase of just over 6% from the same time last year. The average sales price per square foot in Minneapolis was roughly $147, an increase of 14% relative to the same period last year.

Average listing prices have increased at a...