Twin Cities Home Sales Down 12%

by Alex Stenback on December 13, 2005

Both the Strib and the Pioneer Press run articles today on the drop off home sales last month, which fell 12% short of the previous November.

Though this is a sign that the market may be cooling – there’s simply no need to invoke the B-word just yet.  After all, this is one month we are talking about, and home sales year-to-date are less than 1% behind last year’s all-time record pace.  Other rumblings & numberings from the articles:

· Largest Decrease: Anoka County sales down 28.7% from last year.
· Largest Increase: Washington County, up 12% in median sales price.
· $232,000: Median Sales Price – up (from $222,000) 4.5% metro-wide.
· Inventory Up: 27% more homes on the market than this time last year.
· 53,608: Through November, number of homes sold this year.

· Area Home Sales Decline 12% [PioneerPress.com]
· Metro-Area Home Sales Dropped in November [StarTribune.com]

{ 2 comments… read them below or add one }

Frank December 25, 2005 at 9:55 am

Where might I find more detalied versions of the stats you referenced? Specificly, the year over year sales change for each county?

Editor December 27, 2005 at 7:55 am

Frank,

I’d start with the State and Local realtor associations, who mostly compile that data, though I doubt that they’ve got the level of detail you are looking for as a free download, it’s worth a shot, or at least an email.

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