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: Due to the complications of comparing 2021 activity to 2020, we’ll continue to use 2019 as a baseline year until mid-May. Showing activity remains remarkably strong, trending at over 6,000 average daily showings over the last week. New listings continue to trend below that of the prior three years, indicating that seller activity remains subdued. Buyer activity, however, is trending ahead of 2018 and 2020, which is consistent with strong showing activity. Rates on a 30-year fixed mortgage remains level with the prior week at around 3.13 percent, which is just above the 50+ year low of 2.65 percent and well below the 50-year average rate of about 8.0 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, April 15, 2021 (2:00 PM to 3:00 PM).