Twin Cities median home sale price hits all-time November high of $310,000
Sales keep surging, though agents say signs are emerging that buyers are getting wary of rising prices.
December 17, 2020 — 5:24pm
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For home sellers in the Twin Cities, November was one of the best on record by several measures.
Buyers signed more purchase agreements than any November since 2004, and there haven't been as many closings since at least 2003, according to new data from the Minneapolis Area Realtors and the St. Paul Area Association of Realtors.
House shoppers were also particularly decisive. With a median market time of a little more than two weeks, homes went under contract in record time and nearly 50 % faster than last year at the same time.