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 2020 or use this version to compare the current figures to 2019 levels instead.
Weekly insight: Our industry continues to bounce back from the previous year, even as we continue to acknowledge that comparing 2021 activity to 2020 in year-over-year change wouldn’t quite be apples-to-apples, due to COVID-19. It’s also useful to compare 2021 activity to a more “normal” year such as 2019, and that’s what you’ll continue to see in the short-term going forward. New listing activity continues to trend below that of the prior three years, indicating that seller activity remains sluggish. Buyer activity, however, is trending ahead of the prior three years (which the strong showings numbers anticipated). Rates on a 30-year fixed mortgage remains level with the prior week at around 3.18 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).