Home price gains and housing demand are still a year-over-year improvement, but activity is beginning to moderate as the seasons change. With the possibility of further rate and price increases, some buyers are still motivated, but urgency tends to wane when holiday decorations start going up.
In Mendota Heights, for the month of September:
- New listings increased to 110%
- Closed sales decreased 46.2%
- Median sales price increased 5.2%
The following information was supplied by Minneapolis Area Association of Realtors.
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