The Weekly Pulse | 8-28-23 August 28, 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:
- With rates stubbornly hovering above 7.0 percent, there was only one of nine price ranges saw a year-over-year gain in showings. The increase was in the $500-600K range where showings increased 7.2 percent.
- Showings were down 10.6 percent overall compared to the same week last year. The $300-400K segment made up an even 25.0 percent of all showings while the $1M+ segment comprised 2.64 percent. The under-$200K segment made up 15.3 percent of showings.
- The biggest gain in new listings compared to last year was the $1M+ bracket while the largest gain in pending sales occurred within the $120-150K range.