Sarah McKenzie

Low condo inventory keeps prices high downtown

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It continues to be a seller’s market for condos in downtown Minneapolis as inventory has dwindled compared to 2014.

There were 127 homes for sale in the downtown area in March compared to 177 homes in March 2014, according to the most recent update from the Minneapolis Area Association of Realtors.

Sale prices continue to increase as well, said Fritz Kroll, a real estate agent with Edina Realty’s downtown office.

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