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.

Minnesota, national home sales post big declines in November

Posted by: Jim Buchta under Buying, Foreclosures Updated: December 19, 2013 - 11:05 AM

Home sales in Minnesota and across the country posted bigger than expected declines last month, according to two reports released this morning. 

In Minnesota, closings were down 9 percent compared with last year, according to the Minnesota Assocation of Realtors, and the National Association of Realtors said that seasonally adjusted sales across the country fell 4.3 percent compared with the previous month.

Despite those declines, the median sale price of all closings during the month increased 9.7 percent in Minnesota and 9.4 percent nationwide.

Check the Friday paper for a full report, or check out sales activity for all 13 economic development regions tracked by the state association by clicking here.

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