For Week Ending May 3, 2025

U.S. pending home sales increased 6.1% from the previous month, the largest monthly increase since December 2023, according to the National Association of Realtors®. Economists polled by Reuters had forecast an increase of 1% for the month. Monthly pending sales activity was up in the West, Midwest, and South, while the Northeast saw a decline.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MAY 3:

• New Listings decreased 0.2% to 1,635
• Pending Sales increased 2.6% to 1,129
• Inventory increased 5.7% to 8,663

FOR THE MONTH OF MARCH:

• Median Sales Price increased 3.5% to $380,000
• Days on Market increased 7.3% to 59
• Percent of Original List Price Received increased 0.2% to 99.0%
• Months Supply of Homes For Sale increased 5.0% to 2.1

All comparisons are to 2024

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.