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ANDOVER, Minn. - Our recent warm-up is heating up the Twin Cities' real estate market.

The traditional spring sales season started a few weeks later than normal due to the long, cold winter.

"We've had properties that have been on the market for 50, 60, even 90 days, and all of a sudden this past week and a half they've gotten multiple offers," Michael Hunstad, president of the Saint Paul Area Association of Realtors said.

Proof of point, Hunstad said a brand new home in Andover, featured in the Parade of Homes, went on the market five weeks ago but only started getting offers, multiple offers, this past week. It sold, but not to Mark Ketchum who was still checking it out on Saturday.

"We started getting serious about this home and put in an offer which wasn't accepted but then were going to be building two lots down," he said.

Hunstad said while overall sales in February were down 14 percent from the previous February, there were 14 percent fewer short sale and foreclosed homes sold and that's a good thing.

With fewer of those distressed homes, he's seeing higher prices for traditional homes.

"Median sales price went up by 14 percent," he explained. "So with fewer distressed properties on the market it's been able to help the traditional sellers that may have at one point been upside down in their home to be able to actually put their house on the market for a profit."

Home listings are down five percent, but as the temperatures rise, Hunstad expects the number of listings will too.

According to SPAAR, the median sales price is now $183,044 and the Twin Cities real estate market continues to normalize thanks to job growth, fewer distressed homes and "the budding spring market."

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