(AP) Minnesota real estate values rose by more than $100,000 in the first six months of 2018 as “stagcation” in the economy continued to fade.
The median Minneapolis home sold for $1.2 million in the 12 months ending in June, according to data from real estate data company Trulia.
That’s up from $965,000 for the same period last year.
That was a slight increase from the same time last year, when the median home price in Minneapolis reached $1 million.
Minnesota home prices have surged for years.
Real estate values are on the rise because of a growing number of people moving to the Twin Cities and other parts of the state.
That has fueled the rapid increase in home prices.