Metro home prices show mixed results
Twin Cities' realtors associations are giving another mixed report about the local housing market.
The median sales price rose in January compared to the same month a year ago. That was the first year-over-year increase since July of 2006.
However, the median price for traditional homes fell 8 percent over the year. The median price for properties in foreclosure or involved in a short-sale rose 3 percent.
The total number of homes sold was flat compared to January of last year. On a seasonally-adjusted basis, homes sales fell 14 percent compared to December.
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