Nov 21, 2012 at 6:40 am
MINNEAPOLIS, Minn. (KNSI) Minnesota home sales rose 8 percent in October, thanks to record low mortgage rates and strengthening consumer confidence.
But a monthly report from the Minnesota Association of Realtors says the gains were not felt evenly across the state.
Minnesota reported 7,662 closings in October, an 8 percent increase from last year. The median price of those closings was $152,000, a 9.4 percent increase from last year.
The report tracks home sales in 13 multi-county economic development regions.