The selling season for homes across Minnesota has slowed, with a decline in closed sales and fewer new listings.
New listings decreased 19.1% while closed sales were down 30.7% in October compared to the same time last year, according to a report released Thursday by Minnesota Realtors. That decline in closed sales, which Minnesota Realtors CEO Chris Galler said in an interview can be attributed to heightened federal mortgage rates, also drove up the supply of homes. The number of homes available…
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