Local

Metro Housing Reports Show Positive Trends

View Comments
(credit: CBS) Adam Carter
Adam Carter has been a versatile member of WCCO Radio since joining...
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. 4 Things To Know For Oct. 22, 2014
  2. Target Offering Free Shipping Through December
  3. St. Paul Woman May Have Been Serial Killer Victim
  4. After Airbag Recall, Consumers Still Looking For Answers
  5. Group Pushes For Halal Food Shelf

MINNEAPOLIS (WCCO) — The housing market in the Twin Cities continues to get stronger, based on two reports out Tuesday.

The Builders Association of the Twin Cities says in May, building permits for new single family homes were up 80 percent from May of 2011.

“The numbers were phenomenal,” said Curt Christensen, President of the Builders Association of the Twin Cities. He says the growth was found all over the seven county metro area.

“It wasn’t just all on the east side, it wasn’t all on the north side,” Christensen said. “We’re starting to get 360 degrees of the metro area get more involvement.”

The new home construction news was not the only positive sign from the Twin Cities housing market in May. The Minneapolis Area Association of Realtors is reporting a handful of positive year to year trends.

The group says the median sales price in May was up 10.5 percent from May of 2011, to $169,000. Purchase agreements were also up 27 percent. The number of homes for sale in May was down 31 percent from May of 2011.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,906 other followers