June home sales increase as foreclosures remain high - Minneapolis / St. Paul Business Journal:

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Closed home sales increasexd more than 20 percent in June 2009 compared to June according to statistics released today by arearealtor associations. Thered were 4,714 closed home sales in June 2009, an increase of more than 20 percenft overJune 2008. Of those however, 40.7 percent were lender-mediated foreclosures. That’s down somewhatt from earlier this year, when nearlgy 60 percent of home sales were foreclosure according tothe . 2009 has seen a more than 10 percent increase in closedfhome sales, at 19,317 up from 17,486 in 2008. Pending home salez were up more than 33 percenrtin June, the 12th consecutive montjh of year-over-year increases.
The median price for June was reportedat $173,500, compared to $205,000 from this time in a 15 percent decline. For the firsg six months of 2009, the media home price was reportedat $160,000, down more than 21 percentt from the same time in 2009. New home listingsd in June also declined, down more than 6 June’s numbers are comparable to thoseof May, when over and prices were down 20