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:
- Last week, showing activity was up 0.9% compared to a year ago.
- The largest year-over-year gain in showing activity took place in the $800K-1M price range, up 36.9%. Showings of homes priced between $300-400K were down 5.9%.
- Homes prices between $300-400K still make up the largest share of showings (26.0%). Listings over $1M represented 4.0% of all showings.
- Mortgage rates averaged to 7.0% across the United States by the end of last week.