We can now add my hometown of Minneapolis-St. Paul to the growing list of 17 metro areas now reporting strong gains in May home sales, based on today's report from the Minneapolis Area Association of Realtors, here are some highlights:
1. The May sale count of 4,589 homes was 20.5% higher than last year's 3,807.
2. Pending sales in May (5,130) were 27.3% above last year (4,029).
3. The median sales price of $169,000 in May was 10.5% above last year, marking the third consecutive month of double-digit gains for Twin Cities home prices.
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