Tuesday, June 12, 2012

Minneapolis-Area Home Sales Increase by 20.5% in May; 17 Metro Areas Reporting Strong Gains in May

We can now add my hometown of Minneapolis-St. Paul to the growing list of 17 metro areas now reporting strong gains in May home sales, based on today's report from the Minneapolis Area Association of Realtors, here are some highlights:

1. The May sale count of 4,589 homes was 20.5% higher than last year's 3,807.

2. Pending sales in May (5,130) were 27.3% above last year (4,029).

3. The median sales price of $169,000 in May was 10.5% above last year, marking the third consecutive month of double-digit gains for Twin Cities home prices. 


At 6/13/2012 4:12 PM, Anonymous Anonymous said...

Add SoCal to your list, up 20.6% from May last year.


Oh yeah, and you should soon start tracking new home sales, it utterly starting to go gangbusters around me. Two smallish developments I follow have sold about 10 houses in just the past week or two.

And speaking of SoCal new homes, things are breaking out in Irvine:

Presuming that number is through May, that represents sales of about 110 new houses per month - in just one (large) development!


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