Skip to main content

2011 real estate market improves in central Minnesota

The St. Cloud Times reports pending home sales jumped more than 12 percent in 2011. Completed sales increased close to 44 percent from July through December. However, both the average and median sales prices declined last year.
  • Author:
  • Updated:
    Original:

The St. Cloud Times reports pending home sales jumped more than 12 percent in 2011. Completed sales increased close to 44 percent from July through December. However, both the average and median sales prices declined last year.

Next Up

Kwesi Adofo-Mensah

Coller: New Vikings GM Adofo-Mensah needs to be ruthless

Kwesi Adofo-Mensah needs to make some big, difficult decisions, writes Matthew Coller.

Patrick Graham

Report: Vikings to interview Giants' Patrick Graham for head coach

Graham coached with the Patriots under Bill Belichick for six years.

floor and decor screengrab

Home brand plans 'flagship' store in Maple Grove AMC Theater space

This will be the company's first Minnesota location.

covid

Minnesota's COVID-19 update for Friday, January 28

The state is still in the process of catching up with 10,000 yet-to-be processed tests.

Bryan Acuna

Twins sign 16-year-old brother of Braves star Ronald Acuna Jr.

Bryan Acuna is one of the top international prospects, according to MLB.com.

Christopher Endicott

Authorities: Former principal who died in MN jail took his own life

He was found unresponsive in the jail last November.

ambulance

Sheriff: 2 injured, drunk driver arrested after head-on crash

The allegedly drunk driver wasn't injured in the crash.

dirty_jobs

Newest 'Dirty Jobs' ep. has Mike Rowe scraping shmutz in MN

He'll scrape and clean a "special kind of shmutz" from the bottom of an escalator at a local hockey arena.

school, classroom

Here are the 77 nominees for the MN Teacher of the Year award

The nominees will be trimmed to a group of semifinalists and then a group of finalists.

Related

Twin Cities housing market continues to show improvement

Last month, the median sales price of homes jumped about 11 percent to $169,000 from the same month last year, according to a new report by the Minneapolis Area Association of Realtors. The number of pending purchase agreements also spiked 27 percent, while closed sales increased 21 percent. However, the inventory of homes for sale continued to fall in May.

Twin Cities housing market slowly improving

On a seasonally adjusted basis, the national S&P Case-Shiller index shows home prices in the Twin Cities jumped 1.3 percent from March to April, following a 0.8 percent gain from February to March. Prices were up 3.8 percent compared to April of last year.

Minnesota home sales improve in November

The number of Minnesota homes sold increased in November. According to the Minnesota Association of Realtors, housing sales were up 11.2 percent compared to a year ago. However, home prices remain low. The report blames foreclosures for keeping values down, but credits bargin prices and low interest rates for the improved sales.

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. 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.

Home inventory in Twin Cities metro at 9-year low

The number of homes on the market in the Twin Cities was down more than 30 percent last month -- the lowest inventory levels in nearly a decade, according to the Star Tribune. The median home sales price in the 13-county metro area jumped 15.5 percent to $179,000 compared with a year ago.

Twin Cities metro area home sales and prices up in April

The number of closed sales last month rose 7.1 percent compared with last year, while the median price of those deals jumped 12.4 percent to $163,000.

Home prices continue to bounce back in Twin Cities metro

Figures from the Minneapolis Area Association of Realtors show the median home price in the 13-county metro climbed to $175,000 in October -- up nearly 15 percent compared with the same period a year ago. MPR reports October was the eighth straight month of price gains. Pending and completed sales were also up last month.