Housing market snapshot

  • Updated: August 3, 2011 - 7:32 AM
Is your community a pocket of recovery? Prices rose metrowide last year, just prior to the April 2010 expiration of the $8,000 federal home buyer's tax credit. Since then, home prices in most communities have sunk again, though 20 areas are on the rise. Find out if sale prices in your community have risen or fallen since hitting a previous bottom in 2009 by going to www.startribune.com/a583.

Median Annual Month's supply Percent Peak to Valley to

sale price** change of inventory distressed sales valley prices now prices

Twin Cities region $150,000 -12% 7.86 48.2% -27.4% -10.2%

Edina $340,000 no change 6.66 18.9% -16.7% 4.6%

North* $42,000 -23% 5.18 66.3% -76.0% 9.4%

Forest Lake $155,000 14% 12.49 55.3% -46.3% 14.1%

* Regional Multiple Listing Service District No. 305 ** January through June 2011 compared with 2010.

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