The Weekly Pulse | 12-18-23 Tags: Weekly 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 15.7% after the recent drop in rates. Interest rates declining from 8% to under 7% has re-energized some buyers.
    2. The increase in showings was widespread. All nine price ranges had an increase in showings compared to the same week last year. The largest gain was in $800K-1M range where showings rose 57.8% followed by the $1M+ range with a 53.1% gain.
    3. The $300-400K segment still comprised the largest share of all showings at 26.3%. Showing activity in this mid-market range was up 13.1% from last year.