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: Housing market data this fall aligned closer to 2019 performance than in 2020, which is a great indicator of stability compared to 2020. Last week’s showing activity was down by 3.4 percent overall, however, listings above $300K saw double-digit increases in activity on average. Homes listed below $200K decreased in showing activity by 46.1 percent, likely due to their significantly declining rates of inventory. In general, seller activity was down 12.6 percent compared to late September of 2019. Listings below $250K continue to struggle the most, with new listings down 47.4 percent in two years. On the other hand, listings above $350K saw increased supply of new listings. Buyer activity exceeded our pre-COVID comparison week by 13.7 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 a steady 2.9 percent over 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).