Skip to main content

Monthly housing report: Year end home prices bump up

  • Author:
  • Updated:

Prices for residential property in the Twin Cities area rose 10.5 percent in November over the same month last year, MPR News reports, citing the influential S&P Case-Schiller Home Price Index.

The Star Tribune explained that on on a month-to-month basis, home prices in the metro area were flat, but they experienced the jump when compared to the same time period in 2012.

The Associated Press had the national housing picture, reporting that U.S. home prices fell slightly in November, ending nine straight months of price gains. The Standard & Poor's/Case-Shiller home price index slipped 0.1 percent from October to November. The index is not adjusted for seasonal variations, so the decline reflects slower buying patterns traditional in late fall. In the 20 cities tracked in the index, only Detroit prices remain below their 2000 level.

Sales for all of 2013 totaled 5.09 million, the best performance since 2006.

FOX 9, noting that the spring market in Minnesota begins in earnest in February, had a tip-filled story for both buyers and sellers to help them prepare to make a profitable transaction.

Recommendations for buyers include gathering financial records ready to present to a loan officer, including bank statements, tax returns, W-2s, investment accounts and other assets. For sellers, a pre-inspection is suggested. "For less than $500, you'll know in advance if there are any expensive repairs that could stop a transaction," the story advises. Sellers are also urged to spiff up their online presentation. "Your home's first showing is when a buyer looks at it online, not in person. Professional photos do make the difference."

Next Up

holy angels high school j nelson

Update: Holy Angels evacuated over bomb threat, school says

Someone left a voicemail early Tuesday suggesting there was an explosive device.

radio station, microphone

Convicted stalker charged with harassment of another DJ at The Current

He pleaded guilty to similar charges involving the DJ's colleague back in 2015.

Mall of America exterior Tyler Vigen Wikimedia COmmons

10 new shops, food stops at Mall of America

Donuts, K-fashion, model cars — the new tenants cover a lot of bases.

Gophers basketball

Gophers fall below roster minimum, postpone Penn State game

It is "due to internal COVID-19 protocols within the Golden Gopher program."

Raheem Morris

Report: Vikings request interview with Rams' Raheem Morris

Morris was once the youngest head coach in the NFL at 33 years old.

train crossing S Boardman Ave, New York Mills, Minnesota - August 2013 crop GSV

Sheriff: Drunk driver crashed trying to 'beat the train'

The BNSF train slammed into the side of the driver's car.


Man run over after parking dispute leads to road rage crash

The two groups fought about parking prior to the crash.

hwy 41 engler boulevard crash crop

Deadly crash shuts down small stretch of Chaska highway for hours

A driver crossed over the center median and hit another vehicle.

covid test 6

You can now order 4 free at-home COVID tests from the government

Tests will ship for free within 7-12 days, according to the White House.


Minnesota's COVID-19 update for Tuesday, January 18

Minnesota has reached 11,000 COVID-19 deaths.


Vikings must continue building out receiving corps in 2022

Justin Jefferson headlines a young, promising group, but more depth is still needed