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 2019.
Weekly insight: Overall showing activity in the Twin Cities trends upward, up 1.9 percent, as we enter the fourth quarter of the calendar year. Average number of showings increased for all listings priced $250K and above compared to 2019. Most notably homes priced between $800K-1M saw an impressive 113.4 percent increase in showing activity. Buyer activity in the Twin Cities metro grew marginally when comparing this week to a similar week in 2019. Pending sales increased 0.9 percent across all listings, but listings priced above $250K saw double digit increased sales on average while listings below that threshold saw double digit decreased pending sales. Seller activity remained level with the beginning of Q4 in 2019, but similar to the demand side of the market, the story of supply trend differ starkly by price range. Listings above $250K grew in terms of new listings, while homes below $250K have decreased supply in the Twin Cities metro. The 30-Year Fixed Rate Mortgage Average in the United States increased to 3.0 percent in the past week, ending a three month long trend in interest rates below 3 percent.
Join MAR for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, October 21, 2021 (2:00 PM to 3:00 PM).