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September 20, 2014

Home sales, prices continue uptick in Twin Cities metro

September was another good month for home sellers in the 13-county Minneapolis-St. Paul metro as low interest rates helped lure buyers. The Business Journal says pending sales grew 11 percent last month, compared to the same month a year ago, according to the Minneapolis Area Association of Realtors.

The median home sales price also increased 12.3 percent to $174,000 in the Twin Cities area, Finance & Commerce reports. However, the number of homes for sale dropped 29.4 percent — the lowest level in nearly a decade.

The Pioneer Press is also tracking the housing market in the Twin Cities metro.

You can click here for the full monthly indicators report.