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The Stats Deck: Buyer, Seller & Showing Activity through 5/23/2021 Tags: Market DataWeekly Pulse

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: Showing activity increased from weeks prior, averaging around 5,500 showings per week. Overall, the Twin Cities area showing activity remained above that of 2019, up 21.6 percent on average. Buyers showed increased interest in listings above $250K compared to two years ago. Homes priced between $300-400K saw an 88.6 percent average increase in showings. Looking at housing supply, last week’s seller activity continued its upward trend, but lagged behind the performance of pre-COVID years. For example, new listings were down 13.4 percent on average compared to 2019. Supply dropped most for homes listed between $150-190K, down 50.3 percent in the same timeframe. Buyer activity form last week continued to surpass demand from the same week in both 2019 & 2018. While the number of signed purchase agreements for listings below $250K were down in a two-year period, listings above $250K saw increased activity in purchase agreements. Meanwhile the 30-Year Fixed Rate Mortgage averaged 3.0 percent in the past week.

Join MAR for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, June 17, 2021 (2:00 PM to 3:00 PM).