Weekly Market Memo December 2, 2025

🔷 WEEKLY MARKET MEMO – Week of December 1, 2025

This week, the housing market officially entered its Post-Thanksgiving Leftover Funk.

You know the phase:
No one knows what day it is, stuffing is now a breakfast food, and we’re all just quietly pretending the fridge isn’t a Jenga tower of half-empty containers.

Showings slowed, attention drifted, and the market collectively said, “Let’s… circle back on that next week.”

But under the mashed-potato fog, there are still some signals worth paying attention to.


📉 Overall Showing Activity

Showings were down 14.8% compared to this time last year.

Before anyone launches into a Zillow-fueled existential crisis:
It’s the week after Thanksgiving.

A significant percentage of the population is still on I-94.
Another percentage is powering through leftover pie.
And everyone else is googling “Are Christmas trees more expensive this year?”

This drop is seasonal, predictable, and frankly… earned.
The market needed a nap.


🔥 The Standout Segment

Once again, the $600–$800K price band refused to fully fall asleep.

Showings were up 2.2% year-over-year — which in late November is basically a CrossFit workout.

What this tells us:

  • Buyers in this segment are motivated

  • Lifestyle moves are outweighing rate anxiety

  • If the home fits, they will tour

  • This is the “quiet but persistent” segment heading into early 2026

While the rest of the market is curled up under a weighted blanket, these buyers are still lacing up their boots.


🛋 Meanwhile, in the Bread-and-Butter Lane…

The $300–$400K range hit a wall:

  • Showings down 15.7% YoY

  • Still 26.6% of all showings (the busiest category in the entire metro)

So yes — it stalled.
But it’s still where the bulk of demand lives.
Think of it as Target the Sunday after Thanksgiving: fewer carts, same amount of wandering.

The segment is still strong.
Just… momentarily drowsy.


🤑 The Ultra-High End

Listings over $1M accounted for 2.9% of showings.

Not booming. Not flatlining.
More like:

“politely alert but still digesting pumpkin pie.”

Expect this segment to reawaken after December 10, when everyone decides it’s finally time to stop pretending the holiday season isn’t happening.


💰 Rates This Week

Mortgage rates averaged 6.2% nationally.

Not glamorous.
Not horrifying.
Somewhere between “lukewarm” and “sure, that’ll do.”

The sideways movement continues — and stability is the biggest gift to buyers right now.


🧭 Tracy’s Take

This week had peak “holiday hangover energy.”

Sellers slowed.
Buyers slowed.
Everyone slowed.
But the fundamentals still matter:

  • The mid-upper price tier continues to hold its own

  • The core $300–$400K segment remains the heartbeat of the market

  • Rates are stable

  • Seasonality is doing exactly what it always does

The market isn’t struggling.
It’s stretching after a big meal.

Expect a soft first half of December, followed by a slow-but-steady pickup as early 2026 sellers get restless and buyers re-engage before Super Bowl Sunday.


🗣 If a move is on your radar…

Don’t misread the holiday haze.

If you want:

  • a real strategy

  • a pricing plan based on actual data

  • clarity on your micro-market

  • or just someone to give it to you straight…

Talk to Tracy.

No fluff.
No wishful thinking.
Just the truth — and a plan that actually works.