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Final Look at Local Housing Markets in November

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by Calculated Risk on 12/27/2021 12:00:00 PM

Today, in the CalculatedRisk Real Estate Newsletter: Final Look at Local Housing Markets in November

Excerpt:

This update adds Charlotte, Columbus, Miami, New York, and Phoenix.

Here is a summary of active listings for these housing markets in November. Inventory was down 13.5% in November month-over-month (MoM) from October, and down 28.5% 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 25.5% YoY, so the YoY decline in November is larger than in October. This isn’t indicating a slowing market and suggests we will see new record low inventory levels this Winter.

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Housing Inventory December 27th Update: Inventory Down 4.8% Week-over-week; Near Record Low

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