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 (28.4%). Listings over $1M represented 3.0% of all showings.
- Mortgage rates jumped back above 7.0% this past week, averaging to 7.1% across the United States.
- Last week, showing activity was up 2.3% compared to a year ago.
- The largest year-over-year gain in showing activity took place in the $500-600k price range, up 20.4%. Showings of homes priced between $300-400k were up 3.8%.