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 buyer activity in the Twin Cities metro area declined recently, down 14.0 percent between last week’s performance and it’s comparable week in 2019. Listings priced between $150-190K saw the most noticeable decrease in demand, down 60.8 percent. This emerging trend in buyer activity is worth keeping an eye on throughout the summer to see if demand from pending sales will continue to out-pace 2019 performance in the Summer months as it did all Spring. Seller activity has lagged behind the results of 2019 for most of the year. This past week supply was down 18.6 percent. Particularly in the more affordable price ranges, supply of new listings dropped as much as 58.8 percent in this timeframe. Showing activity was relatively level, up 5.4 percent. While all measured price ranges above $250K saw increased interest in showings on average, listings between $500-600K grew most, up 80.7 percent. Listings priced between $250-300K held the largest share of last week’s showing activity. Two years ago, listings priced below $200K held the largest share of showing activity. 30-Year Fixed Rate Mortgages continue to average around 3.0 percent across the United States.
Join MAR for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, July 15, 2021 (2:00 PM to 3:00 PM).