As temperatures dip this week, the market stats only heat up (just the stats, not necessarily the market). As a companion to our regular weekly report, these weekly and monthly charts go beyond some of the higher-level trends. Here’s what the latest market data is telling us:
- The biggest year-over-year increase in showings was in the $500-600K bracket where traffic increased 0.2 percent.
- New listings were down overall for the week compared to last year, but listing activity increased the most in the $500-750K range followed by $750K-1M.
- Sales were down overall but listings priced at or above $1M saw a 14.3 percent increase in the number of accepted offers compared to the same week in 2021.