Updated:
Original:

Twin Cities housing prices fell again in July

The good news in the latest Standard and Poor's report is the decline isn't as dramatic as it has been. Still, any positive signs are countered by the fact that the Twin Cities decline is worse than all the other cities Standard and Poor's looks at for the report.
Author:

The good news in the latest Standard and Poor's report is the decline isn't as dramatic as it has been. Still, any positive signs are countered by the fact that the Twin Cities decline is worse than all the other cities Standard and Poor's looks at for the report.

Next Up

Screen Shot 2021-10-20 at 6.42.51 AM

Boy, 15, undergoes surgery after being shot near south Mpls. park

The 15-year-old was transported to HCMC and was taken into surgery.

i-94 crash st. michael - 2021.10.19

Maple Grove man ID'd as victim of fatal crash on I-94

That side of the freeway was closed for a few hours on Tuesday afternoon.

Joel Eriksson Ek

Eriksson Ek's hat trick completes Wild's rally over Jets

A late review helped the Wild win their home opener.

Screen Shot 2021-10-19 at 8.11.35 PM

Watch: Marcus Foligno starts fight with a superman punch

Foligno was not messing around in the first period.

Union Gospel Mission graffiti side by side - Duluth PD

Vandals target longstanding Duluth soup kitchen, transitional housing site

Union Gospel Mission has been operating in the city since 1922.

House for sale

The crazy Twin Cities housing market is showing signs of slowing down

Agents are seeing fewer multiple offers and no inspections are less prevalent.

Ben Simmons

Simmons' reunion with 76ers lasts mere days, chance for Wolves?

Woj says the Sixers remain "steadfast" in their plans for Simmons.

mitchell ottinger

Sub teacher involved in 'sextortion' of more than 10 minors pleads guilty

Some of the minors he knew from the school district where he worked.

flickr ice castles new brighton 2020 - Greg Gjerdingen

The Ice Castles, a winter favorite, are coming back to the Twin Cities

The popular attraction was canceled last winter due to COVID.

joey meatballs

4 new vendors coming to Rosedale's POTLUCK food hall

Three restaurants and a VR company are opening soon.

flickr - Lorie Shaull - Line 3 pipeline Palisade July 2021

Enbridge misses deadline to fix its groundwater blunder

The company had 30 days to stop the leak it caused by not following its submitted plans.

wikimedia commons - the beach boys 2019 - joergens.mi

Beach Boys bringing 2021 holiday tour to Minnesota

The iconic band's "Holiday Harmonies" tour stops at Treasure Island just before the new year.

Related

Home prices keep falling, even with low interest rates and recovering economy

A report from Standard & Poor's shows Twin Cities home prices fell 0.6 percent in November and were five percent lower than the year before. Searching for a positive spin? The decline here was only half as big as the national drop.

Report indicates recovery in Twin Cities housing market

A new report from the Minneapolis Area Association of Realtors says median home prices rose to nearly $180,000 in July, its highest percentage gain in eight years. The report says the 14.3 percent increase over last year's prices came as the number of homes on the market declined and higher-priced traditional sales rose.

Twin Cities median home prices falling

The Minneapolis Area Association of Realtors says despite another increase in sales, the median home price in the Twin Cities dropped 9 percent to $155,000.

Analysts: Gas prices to continue to rise in Twin Cities

Experts predict the cost of a gallon of fuel in the Twin Cities will continue to rise over the next few weeks. The average price of gas in the metro jumped more than 10 cents in the past week -- averaging $3.55 per gallon. That's higher than the national average.

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.

Home prices keep edging higher in the Twin Cities metro, Case-Shiller reports

New figures from the Standard & Poor's/Case-Shiller Home Price Index show Minneapolis-St. Paul area home prices jumped 7.4 percent in August, compared to the same month a year earlier. Nationally prices rose 2 percent from August 2011 levels. MPR notes the Twin Cities housing market has seen year-over-year gains in home prices every month since February.

In Twin Cities, home sales are up but prices are down

The latest report shows the median price for a home in the metro area down about 7 percent, to $155,000. Still, closed sales are up about 26 percent from a year ago.