Twin Cities First Half Sales & Median Price Index
2010 First Half Sales Reported for the Twin Cities
The St. Paul Association of Realtors recently published the home sales data for the Twin Cities of Minneapolis and St. Paul. The following county home sale numbers and median home values can be found for the first half of 2010.
Dakota - Scott - Goodhue Counties
The most interesting fact when taking into account the numbers published in these reports is almost all areas saw an increase in the median home sales price (equal numbers of homes sold above and below the median price). I am a firm believer that these numbers are skewed because of the first time home buyer tax credits that have come to an end (The Military Tax Credit is still good). Recently published housing reports by MSNBC showed a huge dip in home sales starting in May, a month after the tax credit ended. These low home sales numbers most likely would not have closed by the dates the reports published by SPAAR above came out.
It will be interesting to see in mid January the final numbers for 2010. I would say that housing numbers will be lower than 2009, an indication that the Twin Cities Housing Market is still in a decline.
