The Weekly Pulse | 11-13-23 November 13, 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 2.9% overall, perhaps reflecting the cool-down in interest rates. This time five of nine price ranges were up, including $600-800K (+11.4%) and $1M+ (+17.7%).
- The $300-400K segment still comprised the largest share of all showings at 26.5%. There were about 1.0% more showings in this price range compared to last year.
- The range with the biggest decline in listings was the $200-250K range where showing activity fell 16.1%.
- Listings in the $1M+ range made up 2.2% of all showings after the largest gain in showings compared to last year of any price range.