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The Weekly Pulse | 4-15-24 Tags: Weekly Pulse

Hello and welcome! Let’s dig into the latest housing market activity. 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. Though showings can be taxing and exhausting, most find they still get a good return. Some file in through the door jointly, others solo. Both get credit, even though some were holdovers and others rollovers. Some even asked for extensions for carryovers because there wasn’t enough time during the showing, but the sellers did not appreciate that loss and did not grant the exemption. In St. Paul, the capital gains a good amount of showings on both a short- and long-term basis. Most homes are in good shape, some marginally better, but that’s dependent on long-term care. Depending on their bracket, someone will take personal interest in it and want to capture the sale.
  2. Showing activity was up 10.2% compared to the same week last year. There were almost 23,000 showings during the week, including all price ranges and property types across the metro.
  3. Seven out of nine price ranges had increases in showings compared to last year. The $1 Million+ range had the largest gain of 58.1% while the $200-300K range saw 7.8% fewer showings.
  4. The $300-400K range still makes up the largest share of showings (28.0%). Listings over $1M represented an impressive 3.0% of all showings.