Hello stats fans and data lovers near and far. These special weekly market updates put buyer and seller activity in context and capture any market shifts. They feature all the charts and data you’ve come to love, including showings by price point. Don’t forget to check out our regular Weekly Market Activity Report. Once you’ve logged in to Northstar, Infosparks is also an excellent resource for custom market research and data.
In the meantime, check out the latest showings numbers and market indicators compared to 2021.
Weekly insight: Overall showing activity in the Twin Cities metro area began to rise out of the holiday lull, but lagged behind activity from the previous year by 21.8 percent. Apart from homes priced between $400-500K, which were up 19.0 percent, showings were generally down across the board. A similar story can be said for buyer activity last week. Overall, pending sales were down 22.0 percent compared to last year. The only market segment which saw an increase in demand was the over $1 Million market which increased by 25.0 percent. Seller activity continues this trend of lagging performance. Supply from new listings fell 26.2 percent from 2021. The luxury market made supply gains of 20.0 percent, while even the market of greatest showing interest ($400-500K) fell 11.4 percent on average. 30-Year Fixed Rate Mortgages in the United States averaged 3.2 percent, a slight increase from the start of the year.
Join MAR for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, January 20, 2022 (2:00 PM to 3:00 PM).