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: The previous week’s performance was still impacted by Memorial Day, while the same week in 2019 did not have the same holiday. Overall, showing activity is slightly above our comparison year and rebounded from the holiday lull. Listings priced between $600-800K saw the greatest relative growth, doubling in performance from 2019. Listings priced between $250-300K maintained the largest share of showing activity by price range. Seller activity began to increase from last month’s dip, hopefully this is a sign of growth as we begin the summer season. Overall, supply of new listings was down 37.8 percent from our most recent pre-COVID year. Lower priced listings tend to see a more significant decline in supply, particularly for listings below $200K. Buyer activity was also below 2019 performance (keep in mind Memorial Day), down 29.1 percent on average. Still, price listings above $500K managed to out-pace the comparison week from two years ago, particularly in the $750K- $1M price range, up 56.0 percent. The 30-Year Fixed Rate Mortgage Average in the United States remains at or just below 3.0 percent.
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).