ROCHESTER, Minn. (KTTC) -- Home sales bounced back across Minnesota in 2012, reversing a four-year slide that brought anguish to many a worried seller and despairing buyer. The snapshot provided Tuesday by the Minnesota Association of Realtors suggests that conditions have at last settled down into a more steady, predictable environment.
In Olmsted County, with Rochester transactions driving most activity, 4,456 homes sold last year. And sellers got 93.8% of their original listing price. The pace of sales activity was up from 2011, but it was just a slight uptick.
Across all of southeastern Minnesota, there were 10,683 closed sales -- that's up 1.4% from the year before. By contrast, the Twin Cities region roared back in 2012 with a jump of 17.4% in closed sales. But nearly 13% of those transactions in the seven-county Twin Cities region involved homes that were in foreclosure, and another 11% were short sales. By comparison, sales of distressed properties in southeastern Minnesota were roughly one-third of those in the metro.
"In Minnesota, 72% of our residents own their homes, making us #2 in the nation," said Jim Cormier, President of the Minnesota Association of Realtors, in a statement to reporters. "A higher level of home ownership helps strengthen our state economy."
Here's a quick comparison of counties surrounding Rochester:
Recipe for Cajun Rib-eye, Cheddar Potato Cakes & Corn on Cobb with Voodoo Butter Ingredients for four people 4-Ribeyes (any Steak Works) ½ cup Cajun Seasoning ( Recipe Follows) 1 Cup Voodoo ButterMore >>
Recipe for "Little Bit of Cajun" ... from Wildwood Sports Bar & GrillMore >>
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Lynn Jacobs at (507) 280-5104. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at email@example.com.