June 2009 Market Update

The June Monthly Skinny from the Minneapolis Area Association of Realtors. The market continues to look a little better every month with pending sales up 17% over May of 2008 and a decrease in the number of homes on the market. The number of sales in May that were lender mediated was down to 43% of all sales. The median home price was $165,000, down 19.5% from 2008, but slightly higher than the month before.