2014 Twin Cities real estate wrap-up: Sales sagged, but prices climbed

Sales were down 6.9 percent for the year, but the median price of home deals was $205,739, up 7.2 percent

January 14, 2015 at 7:27PM
Movers from Matt's Moving Company carried out items from Lee Anderson and William Fehrenbach Edina home on 7/11/14. The two are moving to a downtown Minneapolis condo. The June home sales report for the Twin Cities metro will be released by the Minneapolis Area Association of Realtors. Lee Anderson and William Fehrenbach sold their Edina house in a day and are moving to a downtown condo.] Bruce Bisping/Star Tribune bbisping@startribune.com Lee Anderson, William Fehrenbach/source.
Movers from Matt's Moving Company carried out items from Lee Anderson and William Fehrenbach Edina home on 7/11/14. The two are moving to a downtown Minneapolis condo. The June home sales report for the Twin Cities metro will be released by the Minneapolis Area Association of Realtors. Lee Anderson and William Fehrenbach sold their Edina house in a day and are moving to a downtown condo.] Bruce Bisping/Star Tribune bbisping@startribune.com Lee Anderson, William Fehrenbach/source. (Bruce Bisping/The Minnesota Star Tribune)

Home sales in the Twin Cities metro sagged last year, but all other indicators improved. That's according to year-end data released this morning by the Minneapolis and St. Paul Area Associations of Realtors. Here are some of the highlights:

  • There were 49,541 sales, down 6.9 percent from last year but the second highest figure since 2005.
    • The median price of those sales was $205,739, up 7.2 percent and the highest level in seven years.
      • Last year there were 73,768 listings, a 2.3 percent increase from 2013 and the highest number of choices for buyers since 2010.

        Month by month, here are the total sales going back to 2010:

        Fewer of those sales in the same timeframe have been from foreclosures or short sales:

        Finally, here's the monthly change in the median sales price for homes since 2010.

        Stay tuned for more details later today at www.startribune.com.

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