The Minneapolis Area Association of Realtors has released the market statistics for the Twin Cities for the week ending June 1, 2013 and for May 2013.

In the Twin Cities region, for the week ending June 1:

• New Listings increased 23.6% to 1,713
• Pending Sales increased 22.8% to 1,180
• Inventory decreased 23.1% to 14,349

For the month of May:

• Median Sales Price increased 15.1% to $194,450
• Days on Market decreased 29.8% to 87
• Percent of Original List Price Received increased 2.5% to 97.0%
• Months Supply of Inventory decreased 30.6% to 3.4