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: Seller activity shows signs of growth compared to recent weeks. The Twin Cities Region saw a 14.5% increase in new listings since last week; a third straight week of growth in seller activity. This is encouraging for buyers, who continue to post strong sales figures. Unfortunately, weekly new listings still lag behind pre-COVID averages from 2019. For buyer activity, homes in price ranges above $250K saw increases in pending sales, while those below that threshold saw decreases for the week. Given that the average 30-year fixed mortgage rate has once again dipped below 3%, buyers are able to make their dollar stretch a bit further. These signed purchase agreements correlate with our showings report. Daily showings activity continue to outpace the previous two years. Listings between $200-400K hold the largest share of showing activity. Relatively more affordable homes saw the most showing activity two years prior, but the shift to higher-priced listings continues. In particular, listings over $1 Million have seen the greatest increase in showing activity once again.
Join MAR’s Director of Research, David Arbit, for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, May 20, 2021 (2:00 PM to 3:00 PM).