2016 was great for home sellers, but inventory will continue to challenge buyers in 2017

2016 proved to be record year for people who put their homes on the market in the Twin Cities, but buyers had to scramble to get the home they wanted. Expect more of the same in 2017, even with homebuilders ramping up production, according to officials from the Realtor associations from both the Minneapolis and St. Paul areas, who offered perspective on what a great year it was for sellers at a media event on Tuesday. On the seller side in 2016, median sale prices rose 5.5 percent to $232,000 compared…

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