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 (27.4%). Listings over $1M represented 3.2% of all showings.
- Mortgage rates continued to fluctuate, averaging to 6.8% across the United States by the end of last week.
- Last week, showing activity was up 8.2% compared to a year ago.
- The largest year-over-year gain in showing activity took place in the $800K-1M price range, up 51.0%. Showings of homes priced between $300-400K were up 10.6%.