It's been a less-than-stellar spring housing market in many parts of the Twin Cities, but the recovery marches on, though at a more moderate pace than last year. Here's a look at what happened during April, according to a monthly sales reports released this morning by the Minneapolis and St. Paul Area Associations of Realtors.

• The median sales price all closings increased 8.0 percent to $197,000 - the 26 straight month of year-over-year price gains.
• Closed sales fell 11.9 percent to 3,806.
• Pending sales declined 3.9 percent to 5,127 properties.
• While foreclosure sales fell 41.8 percent, traditional sales increased 1.4 percent.
• New listings rose 10.2 percent to 7,776 newly listed homes, with traditional new listings rising 25.7 percent compared to last year at this time. Of those new listings, foreclosure listings fell 41.6 percent and 49.6 percent, respectively.

Read The Full Article Here  

Featured Listings