Twin Cities home prices post biggest gain in a year

Spring has sprung early for the Twin Cities housing market. Home buyers were out in force last month, signing more deals than they have in many months, causing the median price of those sales to post the biggest gain in year. Though p

ending sales were up double-digits, closings were up only slightly. That's because there's a two- to three-month lag between the time the deal was signed and when it will close. We'll expect to see a bigger increase in closings in the next couple months. We'll have a complete analysis of the February market later today, but here's a snapshot of what happened during the month: