MAR will be closed on Monday, May 27 in honor of Memorial Day. Regular hours and service will resume Tuesday, May 28.
Weekly Market Activity Report for Week Ending April 20 Tags: Market DataWeekly Market Activity Reports

U.S. residential housing starts unexpectedly declined as of last measure, falling 14.7% from the previous month to a seasonally adjusted annual rate of 1.32 million units, according to the U.S. Census Bureau. Building permits and housing completions were also down month-over-month, sliding 4.3% and 13.5%, respectively, as higher interest rates and rising construction and development costs continue to impact homebuilders.

In the Twin Cities region, for the week ending April 20:

• New Listings increased 0.6% to 1,380
• Pending Sales increased 2.1% to 978
• Inventory increased 14.8% to 7,444

For the month of March:

• Median Sales Price increased 2.8% to $366,000
• Days on Market decreased 6.9% to 54
• Percent of Original List Price Received increased 0.2% to 98.8%
• Months Supply of Homes For Sale increased 26.7% to 1.9