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: Last week’s showing activity in the Twin Cities metro area gained 9.9 percent overall compared to late November 2019. Listings between $300-400K saw an average increase in showing activity by 101.4 percent in this timeframe. Both buyer and seller activity in the metro area were showed mixed performance last week. Supply from new listings dropped 10.5 percent from 2019 overall. While most price points saw decreased results, homes priced between $350-500K increased supply by 24.9 percent. Demand in the form of pending sales fell 9.8 percent overall. As was the case with supply, demand in most price points followed a downward trend in performance. However, listings priced between $750K-$1M saw demand grow 93.8 percent compared to 2019. Last week’s 30-Year Fixed Rate Mortgage Average in the United States remained slightly above 3.1 percent.
Join MAR for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, December 16, 2021 (2:00 PM to 3:00 PM).