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 fell in the Twin Cities metro area due in part to the anticipated Labor Day lull. Overall, showings were down 16.6 percent from this time in 2019, however listings priced above $300K saw increased interest on average. Homes at this price range held the largest share of showing activity at 20.4 percent of market share. Last week’s seller activity lagged behind our 2019 comparison week (keep in mind Labor Day 2019 was a week prior), overall supply of new listings decreased 38.2 percent. The more affordable price brackets were hit hardest in terms of supply. Homes priced below $250K saw a 53.7 percent drop in new listings. Weekly buyer activity increased 8.5 percent in the past two years, most remarkably in the $500-750K price range which saw a 143.3 percent gain in signed purchase agreements. The 30-Year Fixed Rate Mortgage Average in the United States remained consistent at 2.9 percent.
Join MAR for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, September 16, 2021 (2:00 PM to 3:00 PM).