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The Weekly Pulse | 1-29-24 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 moves inverse to the to 30-year mortgage rate: lower rates, higher showings and vice versa. There were over 15,600 showings during the week which was a 1.0% increase compared to the same week last year.
  2. Six out of nine price ranges had an increase in showings compared to a year ago, all above $300K.
  3. The largest gain in showings was on properties priced between $800K-1M, where they rose 24.8%. The next largest increase in showings was in the $500-600K range where they rose 24.0%.
  4. Listings priced under $200K made up 13.9% of showings while listings over $1M comprised about 2.0% of all showings. The bulk of showings (27.9%) still occur on listings between $300-400K.