July Home Sales Increase in Eagan

New report shows increase in sales closed and median home price, but new listings were down in July.

A new report shows home sales in Eagan increased last month, but new listings are down.

The Minneapolis Area Association of Realtors released a report measuring year-over-year local home sales. Eagan real estate agents closed on 61 homes last month, compared with 51 homes closed in July last year. That's an increase of almost 20 percent.

The median price of a home sold increased almost 6 percent, too -- from $175,000 last July to $185,000 last month, according to the report.

Fewer people are putting new homes on the market, though. New listings were down 16.3 percent -- from 123 last July to 103 last month, the report shows.

dennymartin125 August 12, 2011 at 07:13 AM
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