Housing Market Continues to Improve

Posted at: 02/22/2013 4:28 PM
By: James Wilcox

(ABC 6 NEWS) -- Minnesota's housing market continues to improve. Recently released numbers show home sales are up 9.1% from last year.

According to the Minnesota Association of Realtors, the median price is also up 13.6% from January of 2012. Homes are also being bought more quickly. They're averaging 97 days on the market. That's down more than 16%.

Homeowners are also receiving 91.8% of their original list prices. That's an increase of 2.8% from the year before.