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by CareyBot

Home sales in the Twin Cities, Minn., area fell for the fifth consecutive month in February, while the median home price grew modestly from a year ago, according to three metro Twin Cities Realtor associations. Realtors reported 2,523 home sales last month, down 6.9 percent from the same month a year ago. During the same period, the median home price gained 3.5 percent in the 13-county metro area, rising to $225,000. February's price, however, dipped from January's price of $226,700. Among the area's counties, only three posted sales gains in February compared to a year earlier: Goodhue (up 105.8 percent), Chisago (up 36.3 percent) and Carver (up 3.5 percent). Total inventory of single-family homes in the region ended February at 23,417, an increase of 35 percent over the previous Februar...