Case-Shiller: Twin Cities home prices up 9.2 percent in October


New real estate numbers from the latest Standard & Poor's Case-Shiller home price index, which tracks 20 major U.S. metro areas, show single-family home prices continue their recovery in the Twin Cities, the Star Tribune reports.

October’s prices were 9.2 percent higher than the same month a year ago. The Minneapolis-St. Paul area was among the strongest markets. Only Phoenix and Detroit grew faster.

"Our inventory is so low and buyer demand is so strong that this is going to be a very healthy winter," Aaron Dickinson, a sales agent with Edina Realty, told the Minneapolis-based newspaper.

Nationally, prices increased 4.3 percent in October compared to 12 months ago, USA Today reports. Only Chicago and New York saw declines.

Click here, for Case-Shiller's news release.

The Commerce Department says sales of new U.S. homes jumped 4.4 percent in November -- the highest level since April 2010, Fox Business News reports.

According to the Minnesota Association of Realtors, home sales grew 8 percent in October from last year, with 7,662 closings in Minnesota. The median price of those closings was up 9.4 percent from last year to $152,000.

Twin Cities home prices also ticked upward for the ninth month in a row last month. The median sales price hit $173,000, a 16.9 percent increase from November of last year.

Next Up

vaccine, covid

St. Paul care home group will mandate COVID vaccines for staff

It comes amid reports of COVID outbreaks at homes where residents are all vaccinated, but staff are not.

Jail handcuffs arrest

Starbuck man charged with uploading, sharing child pornography

The 47-year-old was arrested after a tip from the National Center of Missing and Exploited Children.


Boy, 11, seriously injured after 'fall' that police now suspect was abuse

It was initially reported that the boy slipped and fell.

police lights

Investigation underway after body found during welfare check in Plato

The identity of the deceased has not yet been revealed.

Mayor Brad Wiersum

'Please, please, please get vaccinated,' Minnetonka mayor pleads

This comes as the local state of emergency officially ends.

YouTube - Jeopardy screengrab minneapolis

Can you answer all the Minneapolis questions from this week's 'Jeopardy?'

KARE personalities including Randy Shaver and Rena Sarigianopoulos presented the clues.

Pexels - woman shop mask covid CROP

35 counties, including most of Twin Cities, now COVID hotspots

The CDC recommends everyone wear a mask in public, indoor places in these counties.

covid, coronavirus

CDC document: Delta variant as contagious as chickenpox

Vaccines remain very effective at preventing severe illness from the delta variant, however.

Flickr - smoke McGregor minnesota wildfire July 29 2021 - Lorie Shaull

'Unprecedented': The wildfire smoke isn't going anywhere this weekend

The air quality alert that was supposed to end Friday is now in effect into early next week.

Alexis Saborit

Charges: Woman killed in horrific Shakopee attack was trying to leave suspect

The shocking incident happened at an intersection Wednesday afternoon.

3M Open, Tony Finau

Multiple injuries after pickup crashes into shuttle bus at 3M Open

Blaine police listed 25 people as being involved in the collision.


Twin Cities home prices, sales up in June

A new report from the Minneapolis Area Association of Realtors show median sales price rose 10.7 percent to $179,500 in the 13-county Twin Cities metro. Closed sales also grew 13.8 percent last month.

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.

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.