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:
- Homes prices between $300-400k still make up the largest share of showings (27.7%). Listings over $1M represented 3.4% of all showings.
- Mortgage rates average to 6.7% across the United States.
- Last week, showing activity was down 3.7% compared to a year ago.
- The largest year-over-year gain in showing activity took place in the $1M+ price range, up 30.5%. Showings of homes priced between $300-400K were down 5.6%.