By Jim Buchta, StarTribune 3/15/16
The kickoff to the spring housing market in the Twin Cities was unseasonably strong — especially for sellers.
During February, there was a 6.7 percent increase in signed purchase agreements in the 13-county metro area, according to a monthly sales report released Monday by the Minneapolis Area Association of Realtors. Though new listings increased slightly in February, there were just 10,953 available properties at the end of the month, a 19.4 percent decline compared with last year.
With buyers outpacing sellers in some parts of the metro area, that meant stiff competition and little room for buyers to negotiate. The median price of all closings during the month was $207,395, a 3.7 percent increase