Minneapolis housing price bounce is the highest among 20 markets - Bring Me The News

Minneapolis housing price bounce is the highest among 20 markets

Good news for the local real estate market (unless you are just looking to buy): Minneapolis housing prices jumped 3.7 percent from June to July, according to the closely watched monthly S&P Case-Shiller index. Of the 20 major metros in the index, Minneapolis had the biggest monthly rise. And prices are up 6.4 percent from last year.
Author:
Publish date:

Good news for the local real estate market (unless you are just looking to buy): Minneapolis housing prices jumped 3.7 percent from June to July, according to the closely watched monthly S&P Case-Shiller index.

Of the 20 major metros in the index, Minneapolis had the biggest monthly rise, according to the survey. And prices are up 6.4 percent from last year.

Home prices in all 20 markets rose in July, and it's one of a number of signs the housing market is slowly recovering nationwide, USA Today reports.

Wall Street liked the news early Tuesday:

Next Up

Related

Minneapolis housing prices increase

Good news for the housing market: The S&P/Case-Shiller home price index rose 2.2 percent in May, beating economists' forecasts, as all 20 of the nation's largest metropolitan areas posted gains from April. And 12 of the 20 cities had higher prices than they did a year ago, suggesting that the improvement is durable, the report said. In Minneapolis, housing prices were up 3.1 percent from April, and up 4.7 percent from last year.

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.

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.