Industry News

Twin Cities posts record real estate sales

Realtors close more than 7,000 deals in June

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Home sales in Minnesota's Twin Cities region reached a record 7,047 closed sales in June, up 19.3 percent from 5,905 closed sales in June of last year, according to the state's Realtor Public Policy Partnership. Only twice previously has the one-month sales mark surpassed 6,000 homes, with 6,264 closed sales last July and 6,272 closed sales last August. The total dollar volume of the 7,000-plus closed home sales in the 13-county metropolitan area was a record $1.8 billion in June. Counties with the greatest increases in closed sales in June include: Wright (37 percent); Scott (33.5 percent); Chisago (26.7 percent); and Hennepin (23.9 percent). June's median sale price in the Twin Cities area rose 9.2 percent to $220,000 compared with $201,500 in June of 2003. Goodhue County logged the greatest increase in median sale price with an increase of 18.2 percent to $201,500. The Realtor Public Policy Partnership consists of the North Metro Realtors Association, the Saint Paul Area...