Good morning Realtors®! 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 17.6% compared to a year ago.
- As all price categories saw a decrease in showings, the smallest year-over-year decrease in showing activity took place for homes priced between $500-600K, down 4.2%.
- Homes priced between $300-400K still make up the largest share of showings (28.2%). Listings over $1M represented 3.0% of all showings.
- Mortgage rates averaged to 6.2% across the United States by the end of last week.
