Twin Cities Median Sales Price Virtually Unchanged

The St. Paul Area Association of Realtor released their monthly market statistics today. The median sales price for the 13 county Twin Cities metro area for August, 2006 was $235,000, up only 0.04 percent from $234,900 in August 2005. This is still 2.6 percent higher the the total 2005 median price which was $228,900. All counties did not fare equally, however. The Anoka County median price was up 2.45% from August 2005. Hennepin County was up only 0.42% and Ramsey County was down 0.18%. Washington and Chisago Counties lost 3.42% and 9.80% respectively.