The annual rate of US rent growth has continued to slow annually, with singlefamily rents increasing 5.7% as of last measure, the lowest level since spring 2021, according to Corelogic’s most recent Single-Family Rent Index (SFRI). This marks the 9th consecutive month rent growth has slowed, with Orlando, FL, Charlotte, NC, and New York having the highest annual single-family rent price increases, while Phoenix posted the lowest annual rent price gain for the period.
In the Twin Cities region, for the week ending April 1:
• New Listings decreased 30.4% to 1,081
• Pending Sales decreased 24.4% to 942
• Inventory increased 6.4% to 5,815
For the month of February:
• Median Sales Price increased 0.6% to $342,000
• Days on Market increased 38.6% to 61
• Percent of Original List Price Received decreased 3.6% to 97.2%
• Months Supply of Homes For Sale increased 44.4% to 1.3