Minnesota home sales increase

Minnesota home sales increase Click to Enlarge Photo:

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.

Mike Tanner

Posted By Mike Tanner

News Director

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