So I've already reported January home sales based on data from the Minneapolis Area Association of Realtors, which is based on sales of all homes through the Regional Multiple Listing Service. This morning I have the latest state and local sales data fromCoreLogic, which uses tracks the market using repeat sales of the same houses (single-family only) and other data to gauge the health of the housing market.

It says that in Minnesota during November there were 2,079 total homes sales, down nearly 70 percent from Nov. 2009, when the federal home buyer's tax credit had boosted sales, particularly among first-time buyers. In November 20 percent of those sales were distress sales including short sales and bank-owned real estate.That was a It also said that more than 16 percent of all homeowners owed more than their houses were worth and that there's now a 22.8-month supply of distressed sales on the market.

The figures for the Twin Cities metro area were very similar: there were 1,544 homes sales, of which 24.1 percent were distressed sales. That was a decline of 67 percent from Nov. 2009. A full 17 percent of all homeowners were underwater on their mortgages and there was a 23.3-month supply of distressed sales.

Zillow.com last week said that 42 percent of all homeowners were underwater on their mortgages by the end of 2010. That data is a bit different from CoreLogic, which includes only single-family houses.