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Minnesota metro home prices rose in October 2024 due to high demand and low supply, despite elevated mortgage rates.
Home prices in several Minnesota metro areas, including Minneapolis-St. Paul, St.
Cloud, Rochester, and Mankato, rose in October 2024, driven by strong demand and limited supply despite higher mortgage rates.
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.
Prices vary widely, from around $225,000 to over $1.1 million, reflecting regional disparities.
While national home values increased slightly to $362,117, growth has slowed compared to pandemic highs.
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Los precios de las viviendas en el metro de Minnesota aumentaron en octubre de 2024 debido a la alta demanda y la baja oferta, a pesar de las elevadas tasas hipotecarias.