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: Last week’s real estate market in the Twin Cities metro saw a noticeable dip in seller activity. Compared to this time last year, the supply of new listings fell 25.1 percent. Almost all price categories saw a year-over-year decline, save for units between $750K-$1M which grew their supply by 30.0 percent. Buyer activity faired only slightly better, down 15.3 percent overall from 2021. Homes priced between $350-500K increased their number of purchase agreements by 6.3 percent, but this was overshadowed by the luxury market’s gain of 16.7 percent. Luxury homes were the greatest winners in terms of pending sales last month – gaining 34.4. percent from Jan.’21 to Jan. ’22 – and this same market segment seems to be on track to grow in sales as the year continues. Showing activity remained high, once again keeping pace with post-pandemic trends. While overall showings were down 7.4 percent, buyer interest increased for homes priced between $500-600K by an impressive 75.5 percent. Keep an eye on rising interest rates. The 30-Year Fixed Rate Mortgage Average in the United States crept up to 3.9 percent over the past week.

Join MAR for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, March 17, 2022 (2:00 PM to 3:00 PM).