Hello! Here’s the update on last week’s 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 is telling us:
- The only two price brackets with an increase in showings compared to last year were $500-600K and $800K-1M.
- Listings between $250-300K made up 17.0 percent of all showings (18.3 percent last year) while listings over $1M made up 2.0 percent of all showings (1.6 percent last year).
- Pending sales were down about 27.0 percent overall but listings priced between $500-750K saw only a 9.5 percent decrease in the number of accepted offers compared to the year prior.
Thanks for stopping by, and be sure to check back next week!