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 5.9% compared to a year ago.
- The largest (and only) year-over-year increase in showing activity took place for homes priced between $500-600K, up 0.4%. Showings of homes priced between $300-400K were down 7.5% year-over-year.
- Homes priced between $300-400K still make up the largest share of showings (28.2%). Listings over $1M represented 2.7% of all showings.
- Mortgage rates averaged at 6.5% across the United States by the end of last week.
