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 hovered below 7.0%, ending the week at 6.7%.
- Last week, showing activity was down 6.6% compared to a year ago.
- The largest year-over-year gain in showing activity took place in the $400k-500k price range, up 13.8%. Showings of homes priced between $300-400K were down 5.8%.
- Homes prices between $300-400K still make up the largest share of showings (28.2%). Listings over $1M represented 3.1% of all showings.