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:
- Mortgage rates are beginning to rebound back up to a national average of 6.5%.
- Last week, showing activity was down only 10.1% compared to a year ago.
- The largest year-over-year gain in showing activity took place in the $1 Million+ segment. Luxury home showings rose 22.2%. The second largest gain was in the $600-800K range where showings were up 15.2%.
- Homes prices between $300-400K range still make up the largest share of showings (29.0%). Listings over $1M represented 3.4% of all showings.