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: Showing activity from last week was stronger than years past. Compared to 2019, the Twin Cities metro area saw an average 8.1 percent increase in showings. Listings above $300K saw double digit increases in this timeframe, on average. Most notably, listings priced between $500-600K increased 82.5 percent. Seller activity is beginning to trend closer to pre-pandemic performance in recent weeks. The past few days saw new listings only 5.0 percent down from a comparable week in 2019. While homes priced below $250K delt with significantly decreased supply, listing priced between $500-750K saw supply grow 47.7 percent, on average. Buy activity dipped in the metro area over the past week. Relative to 2019, pending sales were down 3.4 percent overall. The price point which saw the least demand was $120-150K, down 53.7 percent. Meanwhile the upper market still remains hot, particularly listing between $500-750K (up 86.7 percent) and over $1 Million (up 87.5 percent). The 30-Year Fixed Rate Mortgage Average in the United States was 3.1 percent over the course of last week.
Join MAR for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, November 18, 2021 (2:00 PM to 3:00 PM).