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: Last week’s seller activity dropped 14.6 percent on average compared to this time in 2019. Although new listings in the more affordable price ranges decreased significantly, homes priced between $350-750K showed positive growth in this timeframe. Buyer activity remained level with respect to our last pre-pandemic reference week. Listings below $250K saw decreased interest while listings above this threshold grew in the number of signed purchase agreements. In particular, homes prices between $500-750K saw a 92.6 percent increase in average pending sales. Showing activity from last week declined, mostly for the affordably priced listings, but saw double digit gains in interest for listings priced above $300K. Market activity for the month of July indicated that both seller and buyer activity increased for listings above $250K. Demand outpaced supply in most of the price points above this figure. The 30-Year Fixed Rate Mortgage Average in the United States increased slightly, but remained below 3.0 percent for 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).