Latest News

2nd Look at Local Housing Markets in December

0

Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in December

A brief excerpt: Commenting on the slowdown in sales, Dick Beeson, managing broker at RE/MAX Northwest Realtors, said, “That’s to be expected considering inventory in the fourth quarter was down sharply from last year. You can’t sell what isn’t there.”

Here is a summary of active listings for these housing markets in December. Inventory was down 22.7% in December month-over-month (MoM) from November, and down 34.2% 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 30.5% 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), Jacksonville, Source: Northeast Florida Association of REALTORS®There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/

Tuesday: Fed Chair Powell Nomination Hearing

Previous article

Update: The Inland Empire

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News