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: Buyer activity in the Twin Cities metro area dipped throughout last week, a trend not usually seen this time of year. Compared to 2021, demand from pending sales was down 14.3 percent overall. While most price segments were mixed, the luxury market ($1Million and above) saw noticeably increased demand, up 127.3 percent from 11 signed purchase agreements this week last year to 25 this past week. Seller activity in the metro area remained sluggish in the last few days, averaging 31.9 percent fewer new listings than 2021. While the more affordable price segments were down, some as low as 58.3 percent, the upper market remained mixed, save for the the luxury market which saw a 28.6 percent gain in supply. The 30-Year Fixed Rate Mortgage Average in the United States remained level at 3.6 percent throughout last week.
Join MAR for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, February 17, 2022 (2:00 PM to 3:00 PM).