Hello and happy new year! Let’s kick off 2025 by digging 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 down 14.1% compared to a year ago.
- The largest year-over-year gain in showing activity took place in the $600-800K price range, up 17.3%. Showings of homes priced between $300-400K were down 4.9%.
- Homes prices between $300-400K range still make up the largest share of showings (28.9%). Listings over $1M represented 2.5% of all showings.
Quick note: In an effort to clearly compare to the recent past, our charts will now compare 2025 to 2024 and an average of the past 5 years. Data trends at the start of the year often look erratic, but our trends will smooth as the year progresses and we collect more data about 2025. Enjoy!