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:
- With rates stubbornly hovering above 7.0 percent, there was only one of nine price ranges saw a year-over-year gain in showings. The increase was in the $500-600K range where showings increased 7.2 percent.
- Showings were down 10.6 percent overall compared to the same week last year. The $300-400K segment made up an even 25.0 percent of all showings while the $1M+ segment comprised 2.64 percent. The under-$200K segment made up 15.3 percent of showings.
- The biggest gain in new listings compared to last year was the $1M+ bracket while the largest gain in pending sales occurred within the $120-150K range.