According to the Minneapolis Area Association of Realtors, the overall median sales price for all properties was down 17.8 percent from one year ago, but up 2.1 percent from the second quarter median sales price. The median sales price of traditional homes in June was down 6.2 percent from a year ago. Lender-mediated home sales were down 15.4 percent from a year ago.
There appears to be less room for negotiation, as the Percent of Original List Price Received at Sale continues to improve—the July mark of 94.0 is 1.5 percent higher than last July.
A year ago the market was not like it is today. The market is slowly but surely improving.
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