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: Market activity in the Twin Cities metro area is trending lower as we approach winter, but compared to this time in 2019 last week’s showing activity is up 6.5 percent, overall. Homes listed above $300k are fairing particularly well, most notably those between $500-600k which were up 76.2 percent on average. Buyer activity in general remained strong in recent days. Demand from pending sales rose 16.7 percent from our pre-pandemic comparison. Sales in the luxury market in particular grew 160.0 percent, from 10 to 26 sales above $1 million. The trend in seller activity is fairly comparable between the last several years. In relation to 2019, supply from new listings dipped 4.8 percent on average. Homes below $250k saw a 29.0 decrease in new listings while listings priced between $500-750k increased supply by an average 34.5 percent. The 30-Year Fixed Rate Mortgage Average in the United States was 3.1 percent throughout the past 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).