How's the housing market in the neighborhoods surrounding Lake Nokomis in Minneapolis? Are prices up or down? And how fast are homes selling?
- Median home prices stayed flat at $365,000. Up 4.3% from August 2023
- Days on Market for active listings have increased to 15. Homes are taking longer to sell and buyer demand has cooled from its peak. Demand should increase as rates continue to fall.
Have questions about the value of your home or the market in a specific neighborhood? Reach out for more info.
Mortgage rates have fallen to lowest level since April 2023
