3rd Look at Local Housing Markets in December
Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in December
A brief excerpt:
Adding Albuquerque, Colorado, Houston, Memphis, Nashville, Sacramento, Santa Clara and South CarolinaThere is much more in the article. You can subscribe at https://calculatedrisk.substack.com/
Here is a summary of active listings for these housing markets in December. Inventory was down 17.7% in December month-over-month (MoM) from November, and down 30.0% year-over-year (YoY).
Inventory almost always declines seasonally in December, so the MoM decline is not a surprise. Last month, these markets were down 26.2% YoY, so the YoY decline in December is larger than in November. This isn’t indicating a slowing market.
Notes for all tables:
1. New additions to table in BOLD.
2. Northwest (Seattle), North Texas (Dallas), and Santa Clara (San Jose), Jacksonville, Source: Northeast Florida Association of REALTORS®
Totals do not include Denver (included in state total).