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.

In October, more houses sold at higher prices and in less time

Posted by: Jim Buchta under Buying Updated: November 12, 2012 - 10:56 AM

 

The Minneapolis Area Association of Realtors released its October housing report this morning, here are the highlights.

  • Pending sales: 4,483, 34 percent higher than October 2011.
  • Closed sales: 4,262, a 15.1 percent increase over last year. 
  • Median sales: up 14.8 percent to $175,000.
  • 10K Housing Value Index (factors in changes in the kinds and prices of sales): up 7.4 percent increase to $172,804.
  • New listings: 5,301 homes were placed onto the market, 7.5 percent more than last year.
  • Total active listings: 15,002, down 29.7 percent — the lowest since at least January 2003. 

Check back later for more details, and I'll be working on a story for the Tuesday paper.

 

 

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