Hello and welcome! For the final time in 2023, 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:
A quick note: Keep in mind that the Christmas Holiday was captured within the weekly data for 2022 and not in last week’s data as it was this Monday. Showing activity will be significantly different due to the holiday.
- Showings were up in the Twin Cities last week. Over 8,000 showing reported after the recent drop in rates. Interest rates declining from 7% to 6.6%.
- All nine price ranges had an increase in showings compared to the same week last year. Homes prices between $300-400k held the top spot with over 2,200 showings last week. That is 25.8% of all showings.
- Pending sales were up 16.5% while new listings were up 28.2% compared to this time last year.