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.
Or, if you’d like, see how current activity compares to 2020.
Weekly insight: Showing activity continues to reach new heights compared to prior years. Listings priced between $250-300K make up the largest share of overall showings while listings under $200K commanded the largest share in 2019. Showing activity increased the most in the $600-800K segment, with 93.0 percent more showings in that range compared to two years ago. Overall showing activity has increased 67.0 percent from 2020 but only 31.0 percent from 2019. Buyer activity is once again ahead of the prior three years while seller activity continued to underwhelm. The ratio between sales and new listings is beginning to spike again—it’s up above 100.0 percent this early in the year. In terms of actual signed contract activity, homes over $1M saw the largest gain over the last two years.
Join MAR’s Director of Research, David Arbit, for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, May 20, 2021 (2:00 PM to 3:00 PM).