by Calculated Risk on 3/21/2022 03:10:00 PM
Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in February
A brief excerpt:
My view is that if the housing market starts slowing, it will show up in inventory first.
Here is a summary of active listings for these housing markets in February. Inventory was down 3.8% in February month-over-month (MoM) from January, and down 28.0% year-over-year (YoY).
It appears inventory has bottomed seasonally in some areas. Last month, these markets were down 30.5% 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.
Notes for all tables:
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. Totals do not include Atlanta, Denver, Minneapolis (included in state totals).
There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/