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 September, reporting marginally increased performance from a comparable week in 2019, up 1.2 percent overall. Listings in price points above $250K saw increased activity in showings, most notably those priced above $1 Million, which increased 102.3 percent. Seller activity remained down overall by 10.3 percent, but as the summer season ends we’ll anticipate a downturn in activity. On a positive note, listings between $350K-$1M were generally up in terms of supply. Buyer activity showed demand level with 2019, increased interest for listings above $350K. Homes listed between $150-190K experienced the most significant decrease in demand, down 52.0 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, October 21, 2021 (2:00 PM to 3:00 PM).