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The Weekly Pulse | 12-04-23 Tags: Market DataWeekly Pulse

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:

  1. Showings were up 13.0% overall, as interest rates declined to 7.1% on average. Among price ranges, almost all had increased showings compared to this time last year.
  2. The $300-400K segment still comprised the largest share of all showings at 25.5%. There were a meaningful 10.2% more showings in this price range compared to last year.
  3. Homes priced between $600-800K saw a stunning increase in showing compared to 2022, a 55.4% increase in showings.
  4. In November, new listings were up 4.8% while pending sales were down only 2.0%.