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: Buyer activity has definitively mirrored the trends of 2018 and 2019 rather than the booming back half of 2020. Overall demand from pending sales was 4.1 percent down. There was increased demand for homes above $250K, most notably listings priced at $500-750K, which saw a 50.5 percent increase in signed purchase agreements. Seller activity remained down compared to pre-COVID trends, but continues to improve over time. Last week the supply of new listings was down 10.1 percent from two years prior. Listings priced between $250-750K saw average increases in inventory. Overall showing activity was marginally down by 3.4 percent, but trended well with 2019 reports. Listings above $250K saw increased interest on average, particularly those priced between $600-800K, up 81.7 percent. The 30-Year Fixed Rate Mortgage Average in the United States dropped to 2.8 percent over last week, showing a consistent downwards trend since mid-June.
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).