Twin Cities Up 10% Since May

The just-released Case-Shiller index of housing prices in the 20 leading U.S. markets shows continuing improvement in August.

Prices climbed in 19 markets, led by Detroit, up 2.27%; Seattle was the worst-performing market, essentially flat (off .06%).

The Twin Cities ranked sixth, with an increase of 1.19%.

Where the Twin Cities really shines, however, is the last 3 months:  according to Case-Shiller, local home prices are up almost 10% during that interval, ranking 2nd nationally.

P.S.:  with U.S. financial markets closed a second day due to Hurricane Sandy, the Case-Shiller numbers are likely to get more than the usual attention.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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