Minneapolis, MN, has seen its inventory rise to a 9.7 months supply, with average days on market currently around 70.
Sales prices are up only marginally, at 2.6 percent, from last year. Notes one local real estate expert, "Benefiting the most from property price appreciation over the past five years are the core cities of Minneapolis and St. Paul."
Local experts also note that the way to move a home quickly is to price correctly.
"Conditions are expected to remain constant for the next 30 to 60 days with no signs yet of an increase in interest rates."
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