Housing market continues to recover in MinnesotaMINNEAPOLIS (AP) — A new report shows slight improvement in Minnesota's housing market.
MINNEAPOLIS (AP) — A new report shows slight improvement in Minnesota's housing market.
The Minnesota Association of Realtors says housing sales were up about 5 percent last month, compared to June of 2011. Pending sales climbed 12 percent in the same time frame.
The association's report shows the median sale price of a home in Minnesota is nearly $160,000 — up 10.4 percent from June of last year. And, homes are selling for closer to their original list price. Last month homes sold for nearly 94 percent of original list price — an increase of 3.5 percent compared to last year.
WCCO-TV reports new home listings in June declined more than 16 percent, compared to the same time last year.