News
The Weekly Pulse | 10-30-23
October 30, 2023
Hello and welcome! Let’s take the pulse of the Twin Cities housing market. In addition to our regular weekly report, these weekly and monthly charts go beyond some of the higher-level trends. Here’s what the latest data are telling us:
- Showings were down 7.1% overall as rates held steady around 8.0%. But all price segments from $400K up to $1M had anywhere from 2.0% to nearly 20.0% more showings, most notably for listings priced between $500-600K.
- The $300-400K segment still comprised the largest share of all showings at 25.6%. There were 5.9% fewer showings in this price range compared to last year.
- Listings in the $200-250K range made up 10.4% of all showings while listings priced over $1M made up nearly 2.5% of showings.
- Pending sales down 18.5% overall. The smallest declines took place in the $350-500K range and the $750K-1M range.