Sarah McKenzie

Real Estate Guide // In demand: homes for sale

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Home sellers in downtown and Northeast are in a good spot these days as a lack of inventory is driving up prices.

The number of new listings on the market in the downtown area is down 27 percent this year compared to 2013, according to the most recent update from the Minneapolis Area Association of Realtors (MAAR).

The median sales prices for downtown-area condos/townhomes is up 44 percent from 2013 — $293,950 compared to $204,000 a year ago.

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