Improving Numbers In Minnesota Housing Market

Friday, July 20th, 2012 at 8:32 am

A new report shows slight improvement in Minnesota’s housing market.

The Minnesota Association of Realtors says housing sales were up about five 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.

Homes are selling for closer to their original list price too, another great sign. Last month homes sold for nearly 94 percent of original list price, which was an increase of 3.5 percent compared to last year.

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