November Home Sales Up 20% In Twin Cities; Prices Up Too!

Home sales in the Twin Cities metro during November posted a whopping 20 percent increase over last year – one of the biggest year-over-year gains in several months.

Prices rose significantly too. The Median price of all closings was up more than 15 percent in large part because the mix of what’s selling has changed. There’s been a big decline in heavily discounted foreclosure sales and an increase in traditional sales, which has skewed the median upwards.