The Weekly Pulse | 2-20-24 Tags: Market DataWeekly 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 down 2.5% compared to the same week last year, however, market rate homes and above had an increase in showings.
  2. Showing activity dipped as average mortgage rates rose slightly above 7.0%, a common trend we’ve been tracking for the past year.
  3. The largest gain in showings was on properties priced between $500K-600K, where they rose 21.5%. The next largest increase in showings was in the luxury range where they rose 20.8%.
  4. Listings priced under $200K comprised about 13.4% of showings. Listings over $1M rose to 2.8% of all showings. The largest share of showings (26.8%) still occur on listings between $300-400K.