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2nd Look at Local Housing Markets in November

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by Calculated Risk on 12/10/2021 01:33:00 PM

Today, in the Real Estate Newsletter: 2nd Look at Local Housing Markets in November

Excerpt:

Adding Houston, Jacksonville, Nashville, New Hampshire, North Texas, Portland and Santa Clara

Here is a summary of active listings for these housing markets in November. Inventory was down 15.8% in November month-over-month (MoM) from October, and down 25.0% year-over-year (YoY).

Inventory almost always declines seasonally in November, so the MoM decline is not a surprise. Last month, these markets were down 23.3% YoY, so the YoY decline in November is larger than in October. 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(R)

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