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.
Weekly insight: Buyers took advantage of the heat wave over the last week and pushed showing activity to new highs. Showing activity over the last week has nearly eclipsed the peak from all of 2019, which didn’t occur until early May. Activity continues to skew toward the higher price points. Showings were down on listings under $250K but up by double digits across all other price brackets. Seller activity remains a pain point, with frustratingly few new listings entering the market. Rates on a 30-year fixed mortgage crept up slightly to around 3.02 percent, which is barely above the 50+ year low of 2.65 percent.
Join MAR’s Director of Research and Economics, David Arbit, for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, March 18, 2021 (2:00 PM to 3:00 PM).