April 2026
U.S. existing-home sales fell 3.6% month-over-month and 1.0% year-over-year to a seasonally adjusted annual rate of 3.98 million, according to the National Association of REALTORS® (NAR), as tight supply and ongoing affordability challenges constrained activity. Sales declined month-over-month in all four regions. Year-over year, sales increased in the South and West but fell in the Midwest and Northeast.
New Listings in the Twin Cities region increased 8.9 percent to 7,445. Pending Sales were up 6.9 percent to 4,807. Inventory levels rose 7.2 percent to 9,847 units.
Prices were fairly stable. The Median Sales Price decreased 2.0 percent to $392,000.Days on Market was up 14.0 percent to 57 days. Buyers felt empowered as Months Supply of Homes for Sale was up 8.3 percent to 2.6 months.
Nationally, the median existing-home price rose 1.4% from a year earlier to $408,800, marking the 33rd consecutive month of year-over-year price increases as limited inventory continued to put upward pressure on prices, NAR said. There were 1.36 million homes for sale heading into April, up 2.3% from a year earlier, representing a4.1-month supply at the current sales pace.
– SAINT PAUL AREA ASSOCIATION OF REALTORS®
