Home sales prices continue to reach new heights, and record gains in equity are
motivating an increasing number of sellers to put their homes up for sale, according
to Homelight’s 2022 Buyer and Seller Insights Report. With multiple offers common
in many markets, many homeowners have high expectations when it comes to the
sale of their home. More than 40% of sellers believe their home will sell for more
than asking price, and about half of those surveyed expect to retain 30% or more of
the sale price as a profit.

In the Twin Cities region, for the week ending April 23:

• New Listings decreased 0.6% to 1,759
• Pending Sales decreased 22.8% to 1,176
• Inventory decreased 10.9% to 5,278

For the month of March:

• Median Sales Price increased 7.8% to $354,000
• Days on Market decreased 10.3% to 35
• Percent of Original List Price Received increased 0.8% to 102.7%
• Months Supply of Homes For Sale remained flat at 1.0

FULL REPORT