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 continue to hover around 7.0%.
- Last week, showing activity was down 19.1% compared to a year ago.
- The largest year-over-year gain in showing activity took place in the $400-500k price range, up 6.0%. Showings of homes priced between $300-400K were down 20.8%.
- Homes prices between $300-400K still make up the largest share of showings (28.4%). Listings over $1M represented 2.7% of all showings.