Home sales in the Twin Cities reached nearly 7,000 in June 2015, the highest June level in over 10 years and a 74.5% increase from June 2008. The median home sales price was $229,900, the highest for a June since 2007. Additionally, pending home sales in June 2015 were up 19.2% compared to June 2014, indicating the local housing market will remain active in the coming months.

1. Minneapolis–St. Paul
Twin Cities housing market showing strength
Chart of the week: July 27, 2015
• Recent data from the Minneapolis Area Association of Realtors revealed that home sales in the Twin Cities
reached nearly 7,000 in June, the highest June levels in more than 10 years, and a 74.5 percent increase
from June home sales in 2008. The median sales price for a home in June rose to $229,900, the highest
level reached in June since 2007.
• In addition, pending home sales in June 2015 were up 19.2 percent versus June 2014, an indication that
the local housing market will remain active in the coming months.
Source: Minneapolis Area Association of Realtors, JLL Research
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
$100,000
$130,000
$160,000
$190,000
$220,000
$250,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Median Sales Price - June Closed Sales - June