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 8.0% compared to a year ago.
- The largest year-over-year gain in showing activity took place in luxury-priced homes ($1M+), up 33.7%. Showings of homes priced between $300-400K were up 6.6%.
- Homes prices between $300-400K still make up the largest share of showings (26.4%). Listings over $1M represented 4.1% of all showings.
- Mortgage rates averaged to 6.8% across the United States by the end of last week.