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: Buyer activity rose 6.2 percent last week compared to the late fall of 2019. Although it remains more appropriate to compare demand to pre-pandemic years, we intend to shift to a traditional year-over-year comparison model in the coming weeks. In terms of demand from pending sales, listings above $250K all saw average increases, while the affordable price points saw continued declines in buyer activity for the most part. Seller activity performed relatively the same compared to 2019, dropping only 0.8 percent in this timeframe. Some price points fared better than others, most significantly listings between $750K-1M which saw 126.7 percent growth on average. Showing activity in recent weeks fared better than both 2020 and 2019 metrics. Overall, showings increased 14.2 percent relative to 2019. The 30-Year Fixed Rate Mortgage Average in the United States dipped under 3.0 percent once again this 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).