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 slid a slight 3.3 percent compared to the same week in 2019. Listings between $400-500K saw a 75.4 percent increase in showing activity while listings under $199K had about 35.0 percent fewer showings in this timeframe. Both buyer and seller activity in the metro area showed mixed performance last week. New listings dropped 8.5 percent from 2019 overall. While some price points saw decreased sales, homes priced between $350-500K increased by 15.6 percent. Pending sales were flat overall. Signed contract activity fell in all price points under $250K but rose in all price points over $250K. However, listings priced between $750K-$1M saw demand grow 68.8 percent compared to 2019. Last week’s 30-Year Fixed Rate Mortgage Average in the United States stood at 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).