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 (26.9%). Listings over $1M represented 3.3% of all showings.
- Mortgage rates decreased slightly, averaging to 6.9% across the United States.
- Last week, showing activity was down 13.2% compared to a year ago.
- All price categories had decreased year-over-year showing activity due to the Easter holiday. The smallest decrease in showing activity took place in the $800K-1M price range, down 4.4%. Showings of homes priced between $300-400k were down 12.2%.