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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

FULL REPORT