“Warmer temperatures appear to have helped bring some sellers back to the market, providing additional options to home shoppers during the spring buying season. Total inventory was up 4.7% month-over-month and 14.4% year-over-year, for a 3.2 months’ supply at the current sales pace, according to the National Association of Realtors. Nevertheless, demand continues to outpace supply and properties are selling quickly.” - Minneapolis Area Realtors
In the Twin Cities:
- New Listings increased 20.9% to 6,347
- Pending Sales were up 8.5% to 4,334
- Inventory levels rose 14.1% to 7,705 units
- Median Sales Price increased 4.1% to $385,250
- Days on Market was down 2.2% to 45 days
sourced from Minneapolis Association of Realtors April 2024