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: As 2021 comes to a close, the Twin Cities housing market reaches it’s seasonal lull. While activity usually slows during the holiday season, this year has dipped slightly more than the past two seasons. Last week’s seller activity was down 13.4 percent on average, which indicates homes at most price ranges were undersupplied. Only the luxury price ranges saw significant increases in new listings, over 200 percent. Buyer activity from last week was level with 2019 reports, showing a common trend of increased interest for units priced above $250K and decreased engagement for the more affordably priced homes. Showing activity in the Twin Cities metro showed mixed performance, down overall by 11.9 percent, but noticeably increased interest in homes priced between $300-500K. The 30-Year Fixed Rate Mortgage Average in the United States averaged just above 3.0 percent last week.