YOY Increase: 8.8%
Up in Minneapolis, prices posted a 1.1% gain in September from the month prior, contributing to the city’s 8.8% gain over the year leading up to that. That’s 1.4 percentage points better than the one-year gain enjoyed in August.
The story here is much the same as in other cities on the list. The inventory of available homes has been shrinking in Minneapolis as well and sat at their lowest level in nine years back in August.