The Minneapolis housing market would usually be in a deep freeze by now, but just the opposite is taking place. Buyers signed nearly 16 percent more contracts to purchase existing homes at the end of November than at the same time a year ago, according to the Minneapolis Area Association of Realtors.
"It should be a cold time of year, but our market is really hot," said John Schuster, a real estate agent with Coldwell Banker Burnet in Minneapolis. "It's not as cold as it usually is, so that's helping the market. We're selling homes with multiple offers."