U.S. sales of new residential homes fell 17.6% month-over-month and 11.3% year-over-year to a seasonally adjusted annual rate of 587,000 units in January, according to the most recent data from the U.S. Census Bureau. The median new home sales price declined 4.5% from the previous month to $400,500, a 6.8% decrease from the same time last year.

In the Twin Cities region, for the week ending April 18:

• New Listings increased 12.9% to 1,655
• Pending Sales increased 6.8% to 1,120
• Inventory increased 8.8% to 9,387

For the month of March:

• Median Sales Price remained flat at $380,000
• Days on Market increased 5.1% to 62
• Percent of Original List Price Received decreased 0.5% to 98.5%
• Months Supply of Homes For Sale increased 4.5% to 2.3

All comparisons are to 2025

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