Denyes said he expects the year to end with sales slightly short of last year. Rising prices When demand exceeds supply, prices rise. As the market cooled toward fall, the median fell. The 4,082 residential sales closed last month were 21.2 percent more than 3,367 sales in March 1999. The future Mathis said Edina Realty executives expect another year and a half of great demand.
Builders are concerned about diminishing availability of land, causing lot prices to soar.
But some people want to build, and location, style or builder outweigh price. Going fast The number of sales closed in the Twin Cities rose 9.9 percent in the first quarter of 2000 0ver the first quarter of 1999, and are up 65.6 percent since 1995. All Rights Reserved.