WCCO EYE4 LOGO WCCO Radio wcco-eye-green01, ww color green

Consumer

Home Sales Continue To Climb

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Aretha Franklin Lights Up The Grandstand
  2. Mike Max Shoots Sid Hartman An Ice Bucket Challenge
  3. Good Questions: State Fair
  4. High School Football Highlights: Aug. 22, 2014
  5. WCCO Takes Aim At The Bonanza Shooting Gallery

MINNEAPOLIS (WCCO) – There are more signs of recovery in the Twin Cities housing market.

Home sales climbed seven percent last month, compared with April of last year.

And that’s the second straight monthly increase.

Herb Tousley, professor of real estate at the University of St. Thomas, says the downtowns and inner ring suburbs are doing especially well.

NewsRadio 830 WCCO’s Steve Murphy Reports

“It seems to be that a lot of people, especially younger people coming up, want to buy homes that are either in the city or close to the city. And so those neighborhoods seem to be coming back a little quicker,” said Tousley.

Another positive sign is a 12.5 percent increase in median home prices, according to the Minneapolis Area Association of Realtors.

That median price? $163,000.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,810 other followers