Jim Buchta, StarTribune, 2/13/16
The Twin Cities home market continued to percolate in January, though it remained below full boil because of constrained supply.
Buyers in the Twin Cities metro signed 3,033 purchase agreements for homes last month, 3.5 percent more than a year ago, the Minneapolis Area Association of Realtors said Friday.
“This year’s spring market started earlier and stronger than in past years,” said Cotty Lowry, a sales agent with Keller Williams and president-elect of the association.
Closings on deals that were signed late last year rose 17.8 percent, with the median price of those closings rising 10.3 percent to $215,000. Prices reached new highs in several markets, including Edina, St. Louis Park, Plymouth, Hopkins,