Twin Cities home sales still lagging compared to last year

By WEEK Producer

Twin Cities home sales still lagging compared to last year

May 12, 2014 Updated May 12, 2014 at 11:21 AM CDT

BLOOMINGTON-NORMAL, Ill. – Home sales took off in the Twin Cities this April but year-to-date home sales are still down compared to last year.

According to the Bloomington-Normal Association of Realtors, 236 homes were sold last month. Of those, 21 were new construction.

Those numbers show a substantial increase compared to previous months, a sure sign of the end of a very long, cold winter.

So far this year, 628 homes have sold in the Twin Cities. That is down almost 14-percent compared to 2013.

The average price of homes sold also decreased, dropping by 10-percent to $156,014.