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:
- Showings were down 8.4% overall yet rose in five out of nine price ranges. This may seem counter-intuitive, but the key is that sales aren’t equally weighted across price ranges and are weighted toward the ranges that were down. The biggest gains were in the $800K-1M range saw a 21.5% increase in showings while the $600-800K range had a 9.6% gain.
- The $300-400K segment still comprised the largest share of all showings at 26.6% while the $1M+ segment made up 2.67 percent. That top luxury segment was only slightly lower than the $800K-1M range, where 2.75% of showings took place.
- With housing supply questions still center stage, new listings rose the most in the $1M+ segment, followed by the most affordable segment. The largest decline in seller activity was in the $150-190K range, where new listings fell 21.5%.