Market for Existing Homes Continues to Show Improvement

Created: 11/23/2012 4:42 PM KSTP.com By: Scott Theisen

For existing homes, Minnesota's real estate market continues to show improvement.

The latest statistics from the Minnesota Association of Realtors show the median sales price is $152,000, up more than 9 percent from a year ago.

The Twin Cities saw a 15 percent increase in median home price.

October 2012 closings improved 8 percent over last year.

And, Sellers are getting 92 percent of their original list price within an average of 95 days on the market.

Realtors are hoping for improvement in the total number of homes available for sale.