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: If wind chills below -35F didn’t phase Twin Cities home buyers, then heat waves around +35F won’t deter us either. With the exception of a few days, showing activity this year has trended above 2019 and 2020 levels. Listings under $200K made up the only segment with fewer showings than last year, all other ranges had more showing activity than the same week last year. Signed contract activity remains strong, even though pending sales are now on-par with 2020 (pre-pandemic) levels. Rates on a 30-year fixed mortgage are around 2.97 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, March 18, 2021 (2:00 PM to 3:00 PM).