Per Minneapolis Area Association of REALTORS®:

April home sales in the Twin Cities were even stronger than March’s
upswing. There were 5,211 pending sales in April, up 23.8 percent
from last April. This is the highest showing of signed purchase
agreements in April since 2005 and the tenth consecutive month of
year-over-year increases. Among the month’s pending sales, 46
percent were lender-mediated.
Supply continues to experience sluggish growth. There are currently
26,410 homes for sale in the Twin Cities, up 416 units from last
month and down 18.4 percent from this time last year. The Supply-
Demand ratio sits at 5.23 for May—down 28.6 percent from this
time last year.
The median sales price for all properties in April of $153,000 is
down 25.2 percent from a year ago. While this figure is
mathematically correct, it is conceptually flawed. Since a higher
share of sales this April were lender-mediated than last April, the
number is skewed downward. The median April sales price of
traditional homes was $205,000, down 8.5 percent from a year ago.
Lender-mediated homes posted an April figure of $120,000, down
21.5 percent from a year ago.

Here are the complete April statistics.  May could be even hotter, and not just temperature wise, with more foreclosures coming on the market.  Multiple offers are becoming common place, so buyers if you see something you like don’t wait to long or you may be competing with other buyers.  Stay tuned for some good first time homebuyer programs in Dakota County.