Housing Recovery Rolls Along in Twin Cities
Hopkins is one of many communities riding an uptick in sales that’s in its eighth straight month.
For the eighth straight month, the Twin Cities' median home sales price rose as the metro area saw increased sales demand and the distressed market accounting for a smaller part of overall home sales, according to data the Minneapolis Area Association of Realtors (MAAR) released Monday. In Hopkins, prices skyrocketed. The median home sales price in October was $130,000, up 35.6 percent from the same period a year ago, according to MAAR's data. The bottom line: More homes sold in less time at higher prices and for closer to asking price than last year, MAAR officials said. The Twin Cities' overall median sales price rose 14.8 percent to $175,000 in October compared with the same month in 2011, MAAR reported. Meanwhile, the trade group said …
