There were 30.6% more homes actively for sale in April compared to the same time last year, according to Realtor®.com’s latest Monthly Housing Market Trends Report, marking the 18th consecutive month of annual growth and a new post-pandemic high. Although buyers may have additional options in their home search, supply remains 16.3% lower than typical 2017-2019 levels.
In the Twin Cities region, for the week ending May 17:
- New Listings increased 0.7% to 1,711
- Pending Sales decreased 0.3% to 1,035
- Inventory increased 4.6% to 9,080
For the Month of April:
- Median Sales Price increased 3.7% to $399,900
- Days on Market increased 6.5% to 49
- Percent of Original List Price Received decreased 0.2% to 99.7%
- Months Supply of Homes For Sale increased 4.5% to 2.3