• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Subscribe
Program Guide
Watch Live

CCX Media

Skip NavigationMenu
  • News
    • Close
        • CCX News
          • CCX News Home
          • News Stories
            • CCX Daily Newcast
          • CCX News Special Reports
          • CCX Media Schools
        • Feature Segments

          • Business Matters
          • School Spotlight
          • Standout Student
          • Weekend Showcase
          • Newsmakers
        • News Tip

          Send us a story idea or news tip!
          Facebook Instagram Twitter
          Watch Live
          CCX1 | CCX2 | CCX3
        • Apple News
    • Close
  • Sports
    • Close
        • CCX Sports
          • CCX Sports Home
          • Sports Tips
          • Hall of Fame
          • Upcoming Event Coverage
          • Play of the Week
        • Sports Coverage

          Adapted SportsAdditional SportsBaseballBasketballFootball
          GymnasticsHockeyLacrosseSoccerSoftball
          Swimming & DivingTennisTrack & FieldVolleyballWrestling
        • Social Media

          Facebook Twitter Instagram
          Watch Live
          CCX1 | CCX2 | CCX3
          Shop/Order
    • Close
  • Cities
    • Close
        • CCX Cities
          • CCX Cities Home
          • The Connection
          • In The Community
          • Our Town’s Story
          • Community Resources
          • CCX Media Schools
          • City Meetings
        • Your City

          Brooklyn Center Local News and Events
          Brooklyn Park MN Local News and Events
          Crystal
          Golden Valley
          Maple Grove
          New Hope
          Osseo
          Plymouth
          Robbinsdale
        • Social Media

          Facebook Twitter
          Watch Live
          CCX1 | CCX2 | CCX3
    • Close
  • Create
    • Close
        • CCX Create
          • CCX Create Home
          • Channels
          • Resources
          • Meet The Create Team
          • CCX Create Virtual Tour
        • Get Creative

          • Make Your Own Show
          • Free Classes
          • Contact Us
          • Polka Spotlight
          • Diversity Minute
        • RueShare

          • Member Login
          • Member Guide
        • Social Media

          Facebook Twitter Instagram
          Watch Live
          CCX1 | CCX2 | CCX3
    • Close
  • Subscribe
  • Program guide
  • Watch Live

Twin Cities Home Sales Set Price Record

3:26 PM | Friday, June 21, 2019

According to the Minneapolis Area Realtors (MAR) association, the median sale price for a home in the Twin Cities reached an all-time high of $285,000 in May.

It’s the third month in a row that the market has set a median sales price record, but experts say it’s due in large part to a low inventory of homes.

“We haven’t had the influx of homes that we were hoping in the end to end up having, so the homes that are out there have continued to go up in price,” said Jerry Moscowitz, a realtor from RE/MAX Results. “And it doesn’t come as a real big surprise to us, because again, we still are fighting a shortage of homes that are out on the market right now.”

Experts say the price increase may be a sign that the local housing market is shaking off what was a slow spring. The MAR believes the slowdown was related to the record snowfall we had, and an interest rate hike toward the end of 2018.

So while that’s great news for the local housing market, the same can’t be said about people seeking entry-level homes. RE/MAX Results Realtor Jerry Moscowitz says first-time home buyers often find themselves in bidding wars, where they can go beyond their comfort level on price.

“So my advice would be for buyers is, make sure you are in your comfort level before you go ahead and move forward with a house,” he said. “And sometimes that may mean looking at houses that truly are maybe $20,000 below what you technically could afford or would be in your comfort level.”

Meanwhile, while there’s a high demand for homes on the lower end of the market, realtors say homes are moving at a much slower pace at the higher end of the market.
 
Essentially, MAR says it’s a tale of two housing markets.

Delane Cleveland, reporting

Maple Grove

Related Stories

Newsmakers: Hy-Vee Shares Hydration Tips and Tricks:  It's more important than ever to stay hydrated… Read More
Maple Grove Brewery Sends Spent Grains to the Farm:  What happens to the grains left over after… Read More
Plan Your Route Before You Go, 511MN.Org:  There are more than 200 projects underway on state roads… Read More
Edibles, Beverages, Containing THC Now Legal in Minnesota:  A new state law that went into effect on… Read More
Hennepin County Monitors Water Quality on Local Lakes Weekly:  Hennepin County public health staff… Read More
Medical Examiner ID’s Brooklyn Park Toddler Killed in Maple Grove Crash:  Officials say the… Read More

Footer

NAVIGATE

  • CCX Media
  • NEWS
  • SPORTS
  • CITIES
  • CREATE
  • Job Opportunities
  • Meet the CCX Media Team
  • ABOUT CCX MEDIA
  • Annual Programming Reports
  • CABLE COMMISSION

SUBSCRIBE

Get email updates for daily story previews. “Week in Review” video links, and programming previews.

Subscribe Today

CONNECT

HAVE A NEWS TIP? CALL OUR TIPLINE AT:  763-533-1710
Send us story ideas and comments!
Get in touch with us
               
 NEWS   SPORTS
 SHOP/ORDER

LOCATION

CCX Media
6900 Winnetka Avenue North
Brooklyn Park, MN 55428

Main Phone:  763-533-8196

CCX Media serves the northwest suburbs of Minneapolis, Minnesota, including Brooklyn Center, Brooklyn Park, Crystal, Golden Valley, Maple Grove, New Hope, Osseo, Plymouth and Robbinsdale.
Copyright © 2022 CCXMedia | All Rights Reserved. | Privacy Policy | Accessibility Statement
Web Design and Development by CEL Marketing PR Design and BizzyWeb | Log in