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Ranking the hottest housing markets in the Twin Cities

Copy shortlink: For home sellers in the Twin Cities metro, 2020 couldn’t have been better. For buyers, however, last year was a battle. With mortgage rates falling to record lows and a pandemic upending how and where people want to live, sales exceeded new listings throughout much of the metro. Bidding wars were the norm and prices rose to record highs, forcing buyers to several far-flung suburbs that topped the Star Tribune’s fifth annual Hot Housing Index, which ranks communities based on the annual change in average market time, sale price, number of sales and percent of original list price received by the seller.

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