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

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.