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April demand for new homes outpaces supply, Realtors report


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 Realtors said, half of the homes for sale go “under contract” within eight days of listing, the “fastest time in at least 14 years.” ....

Todd Walker , Tracy Baglio , Saint Paul Area Association Of Realtors , Twin Cities , Minneapolis Area Realtors , Saint Paul Area Association , டாட் வாக்கர் , சுவடு பேக்லியோ , துறவி பால் பரப்பளவு சங்கம் ஆஃப் றேஆல்டோர்ச் , இரட்டை நகரங்கள் , மினியாபோலிஸ் பரப்பளவு றேஆல்டோர்ச் , துறவி பால் பரப்பளவு சங்கம் ,