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flag Minnesota metro home prices rose in October 2024 due to high demand and low supply, despite elevated mortgage rates.

flag Home prices in several Minnesota metro areas, including Minneapolis-St. Paul, St. flag Cloud, Rochester, and Mankato, rose in October 2024, driven by strong demand and limited supply despite higher mortgage rates. flag Zillow data shows year-over-year gains ranging from 3.0% to 8.8% in cities like Stockholm, Maple Lake, Freeport, Claremont, and Hayfield, with some areas seeing over 30% growth over five years. flag Prices vary widely, from around $225,000 to over $1.1 million, reflecting regional disparities. flag While national home values increased slightly to $362,117, growth has slowed compared to pandemic highs.

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