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The Weekly Pulse | 4-24-23
April 24, 2023
Hello and welcome! Thanks for stopping by. Here you’ll find an in-depth look at 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:
- Most showings took place on listings between $300-400K. No surprise there as it contains the median price. But the percentage of showings taking place on listings under $200K rose to 13.4 percent. Listings priced over $1M increased to 2.2 percent of all showings. Interestingly, the declines in showings were least pronounced at the low and high ends of the market.
- For the most recent week, new listings only fell 18.2 percent for homes under $120K, but fell 44.7 percent for homes between $150-190K. Pending sales fell 17.4 percent for homes between $350-500K, but fell 50.0 percent for homes priced under $120K.
- In early April, showings were down over 40.0 percent from year-ago levels. The decline shrank dramatically to almost flat with last year, but that was partly due to where the recent holidays have fallen. Currently, the rolling weekly average number of showings is down around 26.0 percent overall compared to last year.