Twin Cities median home prices in the 13 county metro area in April 2013 were the highest since September 2008! This was the 14th month in a row for price gains. New listings were up 7.7% over April 2012 and purchase agreements were up 16%. Inventory levels continue to decline by 29.3%. Traditional listings made up 77.9% of the market which is the highest level since October 2007! On the average, traditional sale homes sold in 90 days, foreclosures in 94 days and short sales in 178 days. Right now there is only a 3.1 month supply of inventory on the market. If the recovery is going to continue, more sellers will need to enter the market.