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 metro area increased 10.9 percent compared to 2019. Most notably, listings saw over 50.0 percent growth in all price categories above $300K. Seller activity from last week was down 4.1 percent overall in relation to pre-pandemic performance. Homes priced below $250K experienced double-digit decreases in new listings, while homes between $500-750K saw an average 50.0 percent increase in supply. Buyer activity grew marginally, up 2.4 percent in the past two years. Listings between $500-750K grew an impressive 116.0 percent in this timeframe. The 30-Year Fixed Rate Mortgage Average in the United States increased to 3.1 percent, the highest rate since late June of this year.
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).