Average Prices for Minn. Homes on the Rise

Updated: 04/15/2014 10:42 PM KSTP.com By: Leslie Dyste


Photo: Photo: KSTP file

The average price of homes in Minnesota continues to climb.

In March, prices were up 5.3 percent compared to March prices a year ago. The median home price was $168,500.

The Minnesota Association of Realtors stressed the economic impact that a vibrant real estate market has on a community.

The economic impact includes everything from property taxes benefiting neighborhoods to jobs in construction and home improvement projects.