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 12.6% compared to a year ago.
- All price categories saw a decline in showings compared to last year. The smallest year-over-year decrease in showing activity took place for homes priced $800K-1M, down 0.4%. Showings of homes priced between $300-400K were down 16.4% year-over-year.
- Homes priced between $300-400K still make up the largest share of showings (27.4%). Listings over $1M represented 3.1% of all showings.
- Mortgage rates averaged at 7.4% across the United States by the end of last week.
