Home Prices, Inventory Rise as Market
Activity Warms in June
Despite several year-over-year decreases across key housing market indicators in June, sales activity showed signs of warming up. Inventory experienced a slight increase over the previous month, with a modest upturn in the Minnesota housing market.
“We were encouraged by the increase in market activity last month,” said Emily Green, President of Minnesota Realtors®. “Prospective buyers adjusted to the higher mortgage rates and demand remained strong. We witnessed healthy competition for properties, with multiple offers in some areas.”
June Year-Over-Year Summary of Key Market Indicators:
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