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:
- Showing activity was down 4.4% compared to the same week last year. There were over 23,000 showings during the week, including all price ranges and property types across the metro region. Mortgage rates finally breaking below 7.0% helped boost showing activity.
- A full six of nine price segments saw gains compared to last year. The largest gain was in the luxury $1M+ range followed by the $500-600K range. The largest decline in showings took place in the $200-250K range.
- The $300-400K range still makes up the largest share of showings (28.4%). Listings over $1M represented nearly 3.0% of all showings.