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This week, the housing market slipped into what I’m officially calling its Pre-Thanksgiving Food Coma.
Showings slowed down, attention spans evaporated, and everyone suddenly remembered they need to baste something.
But—even in the fog—there are some very real signals worth paying attention to.
📉 Overall Showing Activity
Showing activity was down 5.3% vs this time last year.
Before anyone Googles “housing crash,” please relax. It’s Minnesota, it’s November, it’s gray at 4:12 p.m., and Thanksgiving is literally days away. Half of America is traveling. The other half is Googling “how long can turkey stay in fridge.”
We’ve seen this movie.
This dip is seasonal, not catastrophic.
🔥 The Standout Segment
The $600–$800K price band decided to ignore the group nap: Showing activity in this range is up 21.9% year-over-year.
That’s impressive anytime.
It’s especially impressive in November.
This suggests:
- That segment has momentum
- Buyers in that range are still actively touring
- People are not afraid of rates if the home fits their lifestyle
This is the sleeper segment to watch heading into early 2026. They’re basically the only ones jogging in the park right now.
🛋 Meanwhile, in the Bread-and-Butter Lane
The $300K–$400K range lost steam this week:
- Showings down 12.2% YoY
- But still accounts for 27.1% of all showings
So activity slowed, but this price bucket remains the busiest intersection on the freeway, and it’s still the volume segment of the Twin Cities market.
Just… currently yawning.
🤑 The Ultra-High End
Listings over $1M represented 2.9% of showings. Not a spike and not dead.
Call it:
“quietly awake, but not caffeinated yet.”
Expect this segment to stretch and become lively again after the holiday fog clears.
💰 Rates This Week
Mortgage rates averaged 6.3% nationally by week’s end.
Not great.
Not terrible.
Not thrilling.
Not crippling.
Basically:
“Yeah, okay, we can work with that.”
The good news?
Rates trending sideways → builds buyer confidence.
🧭 Tracy’s Take
This week was all about distraction, travel, chaos, turkey math, and mild denial.
And yet:
We have meaningful strength in the middle-upper segment.
We have buyers stepping in where it counts.
We have stability in rates.
We have predictable seasonality.
The market is not dying.
It’s digesting.
And digestion is temporary.
I expect showings to sputter this week and next… and then build again mid-December through early January as spring sellers emerge from their winter caves.
🗣 If a move is on your horizon…
Don’t let this week’s numbers scare you off. Let them INFORM you.
If you want:
- a realistic timing plan
- a no-BS conversation about pricing
- clarity on your neighborhood
- or just someone to tell you the truth…
Talk to Tracy.
I’ll give you the straight read — not the fluffy, “everything is amazing” Realtor version.
