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Homebuyers Hit Brakes in July, Sellers Hold Back

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by Calculated Risk on 8/10/2022 01:15:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Homebuyers Hit Brakes in July, Sellers Hold Back

A brief excerpt:

The big story for July existing home sales is the sharp year-over-year (YoY) decline in sales. Another key story is that new listings are down YoY in July. Of course, active listings are up sharply.

Notes for all tables:

1. New additions to table in BOLD.

2. Northwest (Seattle), Santa Clara (San Jose), Jacksonville, Source: Northeast Florida Association of REALTORS(R)

3. Totals do not include Atlanta, Denver (included in state totals)

And here is a table for new listings in July. For these areas, new listings were down 8.6% YoY.

Last month, new listings in these markets were up 3.9% YoY. Overall, we aren’t seeing a pickup in new listings in these markets. In most markets, new listings are down YoY.

Much more to come!

There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/

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