Q2 MLS Fees due 4/9, login into Member Portal to submit payment. MAR Office Closed, staff working virtually M-F 8-4:30. Contact-free pick-up for online store orders Tues & Wed 1:30-4:30.
News
Weekly Market and Showing Activity – 2021-02-08 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:  Showing activity so far in 2021 remains elevated above 2019 and 2020 levels. That isn’t the case across each price tier—the segment with the largest decline in showings was under $200K, while homes priced between $250K-300K enjoyed the largest gain in showings. New listing activity in 2021 remains subdued and is currently below the prior three years. Meanwhile, the number of signed purchase agreements has matched 2020 activity, and remains above the previous three years. Rates on a 30-year fixed mortgage remain around 2.73 percent, which is near a 50+ year low. The lowest 30-year mortgage rate since 1970 is 2.65 percent.

 

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).