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 is once again moving opposite to the to 30-year mortgage rate: lower rates, higher showings and vice versa. There were nearly 17,000 showings during the week which was a 9.3% increase compared to the same week last year.
- Eight out of nine price ranges had an increase in showings compared to a year ago. The one exception was the sub-$200K range.
- The largest gain in showings was on properties priced between $500-600K, where they rose 46.8%. The next largest increase in showings was in the $1M+ range where they rose 44.5%.
- Listings priced under $200K made up 13.7% of showings. Listings over $1M comprised about 2.6% of all showings. The largest share of showings (25.6%) still occur on listings between $300-400K.