Minnesota’s Housing Recovery Uneven

Minnesota's Housing Recovery UnevenThe Minnesota housing market continues to move away from the bottom, as July home sales climbed 4.6 percent, the Minnesota Association of Realtors reported Tuesday.

Other positive signs emerged during the month: the median home price was up 11.1 percent, sellers received a higher percentage of their asking price, and homes were selling faster, on average.

Still, the housing recovery has been uneven across the state, as seven of the 13 regions tracked by the Realtors association showed a notable decline in sales, many in rural areas with limited economic prospects.

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Authored By Jim Buchta – See the Full Story at the Star Tribune

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