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, the Pioneer Press. Closed sales also grew 13.8 percent last month. However, the number of homes for sale has dropped for 17 consecutive months -- down 31 percent from last year in June.
MPR notes it's the second-largest gain since January 2004 and the fourth consecutive month of year-over-year gains.
The Star Tribune adds mortgage buyer Freddie Mac says the average rate on a 30-year loan has fallen to 3.56 percent -- a new record low.