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WDAY: The News Leader

Published March 08, 2012, 09:47 AM

Fargo-Moorhead existing home sales jump

Moorhead, Minn. (WDAY TV) - The housing market appears to be booming in Fargo-Moorhead.

By: WDAY Staff Reports, WDAY

Moorhead, Minn. (WDAY TV) - The housing market appears to be booming in Fargo-Moorhead. According to the FM Area Association of Realtors, existing home sales jumped nearly 32-percent in January and February this year compared to last.

The average selling price of an existing home, not including new houses, is just over $170-thousand dollars, up 6.3 percent. New home construction in the metro is up 10-percent.

Realtors credit low interest rates and mild weather for the bump in numbers.

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