July homes sales, prices decline
Home sales and median prices in the Twin Cities market continued to decline for the month of July, according to a report released Tuesday.
Pending sales, however, increased slightly.
Closed home sales for the month were down more than 8 percent, to 4,160 from July 2007, when there were 4,522 closed home sales. For the month of July, the number of pending sales rose to 4,462, up from 4,202 a year ago.
The median sales price for a home sold in the metro slipped 10.7 percent in July to $208,000, down from $233,000 one year ago.
In July, there were 8,608 new listings, down from 9.379 during the same month last year.
The report was issued by both the Minneapolis and Saint Paul Area Associations of Realtors, which combined represent over 9,000 members payday advance lender.
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