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 moves inverse to the to 30-year mortgage rate: lower rates, higher showings and vice versa. There were over 15,600 showings during the week which was a 1.0% increase compared to the same week last year.
- Six out of nine price ranges had an increase in showings compared to a year ago, all above $300K.
- The largest gain in showings was on properties priced between $800K-1M, where they rose 24.8%. The next largest increase in showings was in the $500-600K range where they rose 24.0%.
- Listings priced under $200K made up 13.9% of showings while listings over $1M comprised about 2.0% of all showings. The bulk of showings (27.9%) still occur on listings between $300-400K.