by Calculated Risk on 3/15/2022 01:38:00 PM
Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in February
A brief excerpt:
Active Inventory in February
Here is a summary of active listings for these housing markets in February. Inventory was down 5.3% in February month-over-month (MoM) from January, and down 23.9% year-over-year (YoY).
It appears inventory has bottomed seasonally in some areas. Last month, these markets were down 26.5% YoY, so the YoY decline in February is smaller than in January. This isn’t indicating a slowing market, but maybe a few baby steps towards a more balanced market in some areas.
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)
3) otals do not include Atlanta, Denver, Minneapolis (included in state totals).
There is much more in the article.