The Weekly Pulse | 11-20-23 November 20, 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 up 9.6% overall, reflecting the cool-down in interest rates. All price ranges above the median sales price were up in showings compared to this time last year.
- The $300-400K segment still comprised the largest share of all showings at 26.7%. There were about 1.2% more showings in this price range compared to last year.
- Home sales above $350K were up overall, most notably the luxury market, $1M+ up 61.5%.
- Listings between $400-500K range made up 12.5% of all showings after the largest gain in showings compared to last year of any price range. This range is up 1.4%.