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Tuesday, July 14, 2009

Home Sales Prices Increased in June

According to the Minneapolis Area Association of Realtors, the median sales price in the Twin Cities housing market rise in June.
Of the 4,764 closed sales in June, 40.7 percent were lender-mediated foreclosures and short sales, down from the 59.7 percent seen at the starting of the year.
The entire June median sales price for all properties was $173,500, down about 15 percent from one year ago. The median sales price of traditional house in June was $210,000 , down about eight percent from a year ago. Lender-mediated house posted a May figure of $124,025, down about 17 percent from a year ago.
The supplies of homes for sale continue to drop. At the beginning of month July there were 26,204 homes on the market in the metro area, down about 27 percent from a year ago.

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