The BRIX Report Volume Two: Boomtown

Page 58

Townhomes & Condos

MINNEAPOLIS Driven by a strong economy and low unemployment, the Minneapolis real estate market has grown more rapidly since the recession than other cities its size. The townhome and condo market saw a banner year in 2017 with both an increase in the total number of sales and the median sales price. Time on the market dropped and sellers of wellpriced homes in top condition often went under contract in just days after receiving multiple offers.

D AY S O N M A R K E T

INVENTORY

30 Days

2 Months

-3.2%

-16.7%

SALES PRICE

SOLD HOMES

$241,000

1,431

+3.7%

-0.1%

BRIXTWINCITIES.COM

56

THE BRIX REPORT


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