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 down 5.6% compared to a year ago.
- The largest year-over-year gain in showing activity took place in the $500-600K price range, up 12.2%. Showings of homes priced between $300-400K were down 3.4%.
- Homes prices between $300-400K still make up the largest share of showings (27.8%). Listings over $1M represented 3.6% of all showings.
- Mortgage rates averaged to 6.9% across the United States by the end of last week.