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The rise in Twin Cities housing prices is nothing new, though prices weren’t rising quite this steeply until the pandemic hit.

Home buying last month was on par with last year, but prices are still on the rise.

There is still rising demand for housing in the Twin Cities, but data suggest the crazy housing market in 2020 is unsustainable.

The number of homes for sale in the Twin Cities returned to pre-pandemic levels last month, but inventory remains low because demand for housing is outpacing supply, according to Minneapolis and St. Paul Realtors. In April, sellers listed 7,468 residential properties, up 21.7% from April 2020, the Minneapolis Area Realtors and Saint Paul Area Association of Realtors said Monday. The April 2021 numbers are on par with what the market saw in 2018 and 2019. Meanwhile, the average price of a home in the 16-county metro area rose to a record high of $337,000. Despite the higher prices, the Realtor...

Median home price for Twin Cities metro hits record $337,000 That's 10.5% higher than a year ago. Author: The median home price in the 16-county metro is a whopping $337,000 — the highest on record.  That's according to new data from the Minneapolis and St. Paul area realtors associations, which say the median home price in April 2021 is 10.5% higher than it was in April 2020.  For reference, the median home price in the Twin Cities in 2019 was $280,000 - which was, at the time, a record-high. Related:  Not only are homes selling for more, but they're spending less time on the market. Ha...