The Weekly Pulse | 8-21-23 August 21, 2023
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:
- Just two out of nine price ranges saw year-over-year gains in showings as rates remain above 7.0 percent. The largest gain was in the $800K-1M range where showings increased 13.7 percent. Showings rose 11.2 percent on listing between $500-600K.
- Showings were down 9.5 percent overall compared to the same week last year. The $300-400K segment made up 24.5 percent of all showings while the $1M+ segment comprised 2.12 percent. The under-$200K segment made up 17.2 percent of showings, reflecting a bit of growth from this time last year.
- It appears as though the showings trend has softened slightly as rates have remained sticky above 7.0 percent.