The U.S. median asking rent across the 50 largest metros dropped 1.7% from a year earlier to $1,673 in April, according to Realtor®.com, marking the 33rd consecutive month of year-over-year declines. Since peaking in August 2022, the median asking rent has declined 5.2% ($92), though it remains $254 higher than its pre-pandemic level in April 2019.

In the Twin Cities region, for the week ending June 6:

• New Listings increased 4.6% to 1,819
• Pending Sales increased 9.8% to 1,216
• Inventory increased 5.5% to 10,718

For the month of May:

• Median Sales Price increased 1.2% to $399,900
• Days on Market increased 2.3% to 45
• Percent of Original List Price Received decreased 0.3% to 99.7%
• Months Supply of Homes For Sale increased 3.7% to 2.8

All comparisons are to 2025

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