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:
- With mortgage rates at their lowest level since May 2023, showing activity was up for another straight week. Last week, showings were up 4.2% overall compared to this time last year.
- The largest year-over-year gain in showing activity took place in the $1 Million+ segment. Luxury home showings rose 52.8%. The second largest gain was in the $400-500K range where showings were up 25.0%.
- That dominant $300-400K range still makes up the largest share of showings (28.2%). Listings over $1M represented 3.2% of all showings.