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The Weekly Pulse | 7-10-23 Tags:

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. As the comparisons to last year start to look more “apples-to-apples”, we see the change in showing (and sales) activity moderate. Showings were down less than 1.0 percent overall compared to the same week last year. But the $600-800K segment experienced a nearly 30.0 spike in showings.
  2. Showings on listings between $300-400K still made up 24.5 percent of all showings, but the $600-800K range rose from about 5.5 to 7.25 percent of all showings year-over-year.
  3. Last week’s pending sales were down 18.4 percent overall but $1M+ listings had a 4.5 percent increase in signed contracts compared to the same week in 2022.

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