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 Twin Cities housing market struggled compared to the rush we experienced in 2021. Overall, the market remains on an upwards trajectory, but keep in mind that our industry is returning back to a “new normal”. With that said, showing activity – while down 21.3 percent from last February – has been on an overall increasing trend. The affordable end of the market saw significant declines in showing interest, while the upper end of prices grew by about 20 percent on average. Buyer activity shows a similar preference for the same price range in the market, Homes priced between $500-750K saw demand rise by 7.2 percent from 2021 while the rest of the market experienced loses, down 21.6 percent overall. Sellers continued to supply fewer homes to the market than a year prior, last week supply was down 29.5 percent on average. a few price ranges saw year-over-year gains. Unsurprisingly, the luxury market reported yet another increase in new listings, up 7.9 percent. Additionally, the metro saw increased supply at the affordable end of prices as well. Homes priced between $120-150K saw their average number of new listings grow by 11.1 percent from last year. The 30-Year Fixed Rate Mortgage in the United States averaged 3.9 percent throughout last 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).