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Weekly Market and Showing Activity – 2021-02-01 Tags: Market DataWeekly Market Activity Reports

Hello stats fans and data lovers near and far. These special weekly market updates put buyer and seller activity in context and capture any market shifts. They feature all the charts and data you’ve come to love, including showings by price point. Don’t forget to check out our regular Weekly Market Activity Report. Once you’ve logged in to Northstar, Infosparks is also an excellent resource for custom market research and data.

In the meantime, check out the latest showings numbers and market indicators.

Weekly insight:  Showings activity jumped again last week and continues to outpace 2019 and 2020 levels. That showing activity is still skewing toward the upper price brackets, likely a leading indicator of the ongoing market shifts and supply hurdles. Homes priced above $1M saw an 83.5 percent spike in showing activity compared to the same week last year. During the same week last year, those luxury properties made up 1.22 percent of all showings. For the most recent week, they made up 1.9 percent of all showings. Conversely, showings on listings under $200K were 26.2 percent of overall showings last year but just 19.7 percent for the current week. Rates on a 30-year ticked back down to 2.73 percent, and remain near a 50+ year low.

 

Join MAR’s Director of Research and Economics, David Arbit, for a free monthly presentation and discussion on the Twin Cities real estate market Thursday, February 18, 2021 (2:00 PM to 3:00 PM).