House Prices Drop Again

According to the Minneapolis St Paul Business Journal

August numbers show that the Twin Cities housing market is slowly becoming more balanced, a realtor group said Tuesday. But it’s not there yet — Twin Cities home prices dropped again in August.

Home prices in the 13-county Twin Cities area dropped 10.9 percent compared to August 2010 — the 10th consecutive month prices have fallen, according to data released by the Minneapolis Area Association of Realtors (MAAR).
The median price was $156,000 in August, compared to $175,000 for the same month a year earlier.
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