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 have returned to a national average of 7.1%.
- Last week, showing activity was up 11.7% compared to a year ago.
- The largest year-over-year gain in showing activity took place in the $600-800K price range, up 39.4%. Showings of homes priced between $300-400K were up 20.4%.
- Homes prices between $300-400K range still make up the largest share of showings (27.9%). Listings over $1M represented 2.8% of all showings.