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 dipped just below a national average of 7.0%.
- Last week, showing activity was down 23.6% compared to a year ago. Keep in mind that last week’s Thanksgiving holiday impacts the magnitude of all these these numbers.
- Despite the holiday lull, luxury showing activity was up 11.0% while the rest of the market saw general declines in showing activity. For example, showings of homes priced between $300-400K were down 16.8%.
- Homes prices between $300-400K range still make up the largest share of showings (27.6%). Listings priced $1 Million+ represented 3.0% of all showings.