Home sales down again in August

According to the Minneapolis Star Tribune

Record low mortgage interest rates and deep seller discounts seem to have done little to boost home sales in the Twin Cities metro. During August closed sales were down 34.2 percent compared with last year, according to the monthly report released this morning by the Minneapolis Area Association of Realtors, pushing the median sale price of deals that closed that month to fall 1.6 percent – the first decline in the median sale price in seven months.

You can find the whole report on the Minnesota Association of Area Realtors web site.

Submitted by Minneapolis Realtor, Mary Rugani

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