It's the sixth month in a row now that statewide home sales have increased. While it's welcomed good news, the report adds home prices dipped last month -- with the average home selling for about $140,000.
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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.
Twin Cities home sales up 34 percent in a year, but prices keep falling
Realtors report the number of pending sales last month was up more than one-third compared to a year earlier. And while prices dropped another 1.4 percent, that's the smallest decline in more than a 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.
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 rise, Minneapolis among leaders
U.S. Home prices rose in June in all of the 20 cities tracked, according to the Standard & Poor's/Case-Shiller index. Minneapolis recorded one of the biggest one-month gains -- up 4.8 percent from May and 5.7 percent from June 2011.
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