Good morning Realtors®! Let’s dive 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:
- Last week, showing activity was down 22.9% compared to a year ago.
- The smallest year-over-year decrease in showing activity took place for homes in the $800K-1M price range, down 9.8%. Showings of homes priced between $300-400K were down 16.1%.
- Homes prices between $300-400K still make up the largest share of showings (29.1%). Listings over $1M represented 2.3% of all showings.
- Mortgage rates averaged to 6.3% across the United States by the end of last week.