A housing come-back?

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Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

A housing come-back?

Posted by: Jim Buchta under Buying Updated: June 26, 2012 - 9:45 AM

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House prices in the Twin Cities during April rose .5 percent from March to April, and 3.8 percent from last year, according to the latest Case-Shiller Home Price Index. Here's a link to the full report.

Nationwide, prices were up 1.3 percent for both the 10- and 20-city composites – the first increase after seven consecutive months of falling home prices. The gains were widely felt across the country with month-to-month gains being posted 19 of the 20 cities tracked by the composite. Detroit was the only city that saw a decline.

The report tracks repeat sales of the same house. Earlier this month the Minneapolis Area Association of Realtors said that the median sale price of sales that closed during May was up 10.5 percent to $169,900.