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NEWS The Weekly Pulse | 5-28-24 Tags: Weekly Pulse

Hello and welcome! Let’s dig 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:

  1. Showing activity was 12.7% lower compared to the same week last year. There were almost 19,000 showings during the week, including all price ranges and property types across the metro region. Lower rates recently are of course expected to have an uplifting effect on showings and eventually pending sales.
  2. Only one out of nine price ranges had an increases in showings compared to 2023. The luxury $1M+ range had the largest gain (+28.5%) while the $200-250K bracket saw the largest decline in showings (-25.1%).
  3. The $300-400K range still makes up the largest share of showings (28.2%). Listings over $1M represented 3.9% of all showings.