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 rebounded from our seasonal dip in early July, reporting marginally decreased performance from a comparable week in 2019, down 7.0 percent overall. However, listings showed in price points above $300K saw increased activity, most notably those priced around $500K, which increased 91.5 percent. Seller activity remained down overall, as has been the case for most of the year. However, it is worth acknowledging that the gap between our weekly supply figure and the closest pre-COVID comparison year is closing, this week down only 16.6 percent overall. On a positive note, listings between $350K-$1M were generally up in terms of supply. Buyer activity showed decreased demand compared to 2019, particularly for listings below $350K. Homes listed between $150-190K experienced the most significant decrease in demand, down 62.1 percent. Meanwhile the 30-Year Fixed Rate Mortgage averaged 2.9 percent in the past week.
Join MAR for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, August 19, 2021 (2:00 PM to 3:00 PM).