According to the latest release from the Minneapolis Area Association of Realtors, Plymouth, MN appears to be flattening out when it comes to home prices. Through August 2011, the median price for a home in Plymouth has declined by only 2.3% year over year through August. This is the best performance I’ve seen in a long time.
Most of the news has been that the Twin Cities is declining by 10% or so year over year – see Case Shiller Index links below. Plymouth has been performing better than that. The pace of decline in the past year has generally been in the 4-8% range. We’ll see if this holds as we head in to winter.
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