Twin Cities home prices, sales up in June - Bring Me The News

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.
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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.

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