real estate
City-by-city price guide: Minneapolis
The City of Lakes experienced a dip in home prices and closings as foreclosures rose last year. Affordability isn't a concern, with Local Market Monitor reporting a 1 percent difference in actual prices and equilibrium.
| | Median price end of 2007: | $217,200 | | Median price end of 2006: | $228,300 | | % change: | - 4.9% | | Projected change through Q3 2008: | - 4.9% | | Affordability rating: | 4.3 | | Foreclosures in 2007:
(1 for every 120 households) | 10,798 | | Foreclosures in 2006:
(1 for every 295 households) | 4,375 | | Change in foreclosures: | + 146.8% |
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| Current rate comparison | Price trends
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