Twin Cities area home prices see another double-digit increase in August startribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from startribune.com Daily Mail and Mail on Sunday newspapers.
Twin Cities home sales dip in June finance-commerce.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finance-commerce.com Daily Mail and Mail on Sunday newspapers.
Metro Home Prices Hit Median Sales Price of $342,500 tcbmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tcbmag.com Daily Mail and Mail on Sunday newspapers.
The Twin Cities has a dearth of new and existing homes for sale, but local builders did their part in May to create new supply as permits were up for both single-family and multifamily housing units.
Even so, homebuilders say they could add even more supply if not for constraints that include the metro area’s shortage of developable lots, pandemic-induced supply chain disruptions and a lack of construction labor.
David Siegel, executive director of Housing First Minnesota, said the Twin Cities market needs the additional supply. Homes are selling quickly, prices are rising, and inventory of new and existing homes is low, he noted.