Housing market continues its cooldown in August

The formerly frenzied housing market in the Twin Cities continued to cool in August, with the growth in home prices slowing to the lowest level in more than two years.

The typical home price in the metro was $369,750 last month, an increase from July, but a marked slowdown in growth from earlier in the year, according to a release Tuesday from the Minneapolis Area Realtors and Saint Paul Area Association of Realtors. Since June 2020, home prices have risen between 8 and 10% between months. Last…

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