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 5.3% compared to a year ago. This is largely due to the timing of Labor Day weekend.
- The largest year-over-year increase in showing activity took place for homes priced $1M+, up 35.5%. Showings of homes priced between $300-400K were down 11.0% year-over-year.
- Homes priced between $300-400K still make up the largest share of showings (26.6%). Listings over $1M represented 4.2% of all showings.
- Mortgage rates averaged at 7.1% across the United States by the end of last week.
