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 housing market data in recent weeks was trending closer to 2019 performance than in 2020. This is an indication of a more economically stable year, and in an effort to provide more consistent understanding of economic trends, we’ll continue to compare our most recent weekly activity to a comparison week in 2019. Last weeks showing activity was down by 4.5 percent overall, however, listings above $300K saw increased activity. Homes listed below $200K decreased in showing activity by 40.3 percent, likely due to their significantly declining rates of inventory. In general, seller activity is down 12.3 percent compared to late July of 2019. Listings below $250K bared the brunt of this inventory loss with declines ranging from being down 36.5 percent to down 48.3 percent in certain price ranges below this threshold. On the other hand, listings above $500K saw increased supply of new listings. Buyer activity exceeded our pre-COVID comparison week by 3.3 percent overall. Demand from pending sales shows that buyers had increased interest in listings above $250K while there was an average decline in demand for homes below that figure. The 30-Year Fixed Rate Mortgage Average in the United States remained at an impressive 2.8 percent over 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).