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 are at 6.9%.
- Last week, showing activity was down 8.2% compared to a year ago.
- The largest year-over-year gain in showing activity took place in the $800k-1M price range, up 35.0%. Showings of homes priced between $300-400K were up 0.1%.
- Homes prices between $300-400K still make up the largest share of showings (28.1%). Listings over $1M represented 3.3% of all showings.