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: Overall showing activity from last week fell below activity in the same timeframe of 2019. However, listings priced above $300K saw increased performance in two years, particularly listings within the $500-600K price range which grew 77.2 percent in terms of buyer interest. Homes priced between $250-300K remained the largest share of showings at 20.8 percent. Seller activity continued to lag behind pre-COVID performance of a similar week, down 24.6 percent overall. Almost all price ranges saw decreased supply, particularly listings below $190K which were hit hardest this past week. Overall buyer activity for last week was mixed. Listings above $300K saw increased demand in the form of pending sales, while listings below that threshold saw decreased demand. The most notable increase in pending sales was practically tied between price ranges $500-750K and over $1M, each up about 55 percent. Keep in mind that the former group holds almost 7 times the inventory of luxury homes, making a similar growth all the more impressive under these economic conditions. The 30-Year Fixed Rate Mortgage Average remains at or just below 3.0 percent nationally. This average has been consistent since late April.
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).