Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in December
A brief excerpt: This update adds Alabama, Columbus, Indiana, Miami, Minneapolis, New York, Phoenix and Rhode Island. …
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 31.3% 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 27.4% YoY, so the YoY decline in December is larger than in November. This isn’t indicating a slowing market.
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®
3. Totals do not include Denver and Minneapolis (included in state totals).There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/