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 7.0%.
- Last week, showing activity was up 52.9% compared to a year ago. Keep in mind that last year’s Thanksgiving impacts the magnitude of all these these numbers.
- The largest year-over-year gain in showing activity took place in the $400-500K price range, up 83.7%. Showings of homes priced between $300-400K were up 81.9%.
- Homes prices between $300-400K range still make up the largest share of showings (29.6%). Listings priced $1 Million+ represented 2.1% of all showings.