Stay Curious. Stay Connected.
MailNewsletters♡Donate Now
Sign up
*Password must be at least 8 characters and contain one uppercase letter, one lowercase letter, one number and one symbol.
Already have an account?
By submitting, you consent that you are at least 18 years of age and to receive information about MPR's or APMG entities' programs and offerings. The personally identifying information you provide will not be sold, shared, or used for purposes other than to communicate with you about MPR, APMG entities, and its sponsors. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.
Sign in to your profile
Forgot Password?
New to MPR News?
Welcome back
to news
for you
Reset Password

Enter the username on file and we'll send you a code to reset your password.

Still require assistance or not sure what your User Name is?
Welcome back
to news
for you
Email Verification

A verification code has been emailed to

Still awaiting the code?
Annie Baxter
St. Paul, Minn.

Metro home prices rise, but sales drop

Go Deeper.

Create an account or log in to save stories.

Log inCreate a free Account

Like this?

Thanks for liking this story! We have added it to a list of your favorite stories.

Show me!

The median sales price for a Twin Cities home climbed to about $183,000 in February, up 14 percent compared to the same month last year. But other measures of the housing market tumbled.

Buyers signed fewer purchase agreements in February than they did the year before, and the supply of homes for sale hung at a 10-year low.

• Tight credit another hurdle for minority homebuyers

The Minneapolis Area Association of Realtors blames bad weather for some of the drop in sales. Officials at the trade group also say that overall sales numbers are declining because of the waning role of distressed properties like foreclosures.

While completed sales of non-distressed homes rose, those of distressed properties were down over the year.

"We're moving towards a more traditional market, which tends to be more seasonal," Realtor Pat Paulson said. "Numbers are down in comparison to last year when there were more distressed properties, which do tend to sell more steadily throughout the year."