MINNEAPOLIS (WCCO) — The Twin Cities housing market has hit a milestone in the month of June.

The median sales price reached an all-time high of $242,000, surpassing the record set 10 years ago in June 2006.

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But, Minneapolis Area Association of Realtors president Judy Shields said it’s important to remember we were in a much different market back then, one that led up to the burst of the housing bubble and, ultimately, a recession.

“Don’t forget we got into a lot of foreclosures and short sell inventory in those down years,” she said.

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As for the current housing market, Shields said low inventory remains an issue, with many potential sellers worried they won’t find a new home to buy.

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“In 2006 we were still pretty strong. We’re going to start seeing some of that inventory turn,” she said.