Despite a drop in sales for February, median home prices in Minnesota’s Twin Cities region gained 6.8 percent from the same month last year, according to the state’s Realtor Public Policy Partnership.

The median sale price in the 13-county metropolitan area hit $201,824 last month compared to $189,000 in February 2003.

Anoka, Sherburne, and Scott counties logged the greatest increases in median sale price this February compared to February 2003. Anoka County’s median sale price rose 12.9 percent to $201,000; Sherburne County’s median price rose 10.7 percent to $191,500; and Scott County’s median price rose 9.7 percent to $233,500. Chisago and Sherburne counties saw the greatest increases in closed sales; Chisago County sales increased 58.5 percent to 65 and Sherburne County sales increased 32.9 percent to 101.

February home sales totaled 2,731, a 1.6 percent decrease from last year’s record-breaking 2,776 February sales, according to the region’s three Realtor associations.

“February sales indicate that the Twin Cities housing market remains very healthy,” according to Decklynn Theisen, president of the Southern Twin Cities Association of Realtors. “March typically kicks off the spring home-selling season and with continued low-interest rates, lots of new listings on the market and strong pending sales numbers, we expect it to be a very productive month for home buyers and sellers.”

New listings in February were up 12.7 percent to 6,700.

The Realtor Public Policy Partnership uses the combined strength of the North Metro Realtors Association, the Saint Paul Area Association of Realtors and the Southern Twin Cities Association of Realtors to serve as the voice of more than 7,000 members involved in all aspects of the real estate industry.


Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription