Good morning! 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:
- Mortgage rates return above 7.1%.
- Last week, showing activity was down 6.3% compared to a year ago.
- The largest year-over-year gain in showing activity took place in the $800k-1M price range, up 21.3%. Showings of homes priced between $300-400K were down 5.7%.
- Homes prices between $300-400K still make up the largest share of showings (26.6%). Listings over $1M represented 3.0% of all showings.