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Greater Minn. housing market competitive for buyers amid low supply, high demand Greater Minn. housing market competitive for buyers amid low supply, high demand By Bernadette Heier | March 5, 2021 at 8:14 PM CST - Updated March 8 at 8:54 AM MANKATO, Minn. (KEYC) — The competition is steep if you’re looking to buy a home in greater Minnesota, as low inventory and historically low interest rates are leading to multiple bids on properties. Locally in Mankato, it’s a low supply and high demand. “Right now, I’m seeing that the market is just bananas. It is definitely a seller’s market. There is not a lot of homes on the market. And I think there’s not a lot of homes on the market because sellers are worried about ‘where am I going to go? Am I going to be able to find a home to go into?’,” said Candee Deichman, real estate agent at Century 21 Atwood.

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