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Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in January
A brief excerpt:
From the Northwest MLS: Northwest MLS brokers see signs of busy spring market despite slow January
"When there’s uncertainty, the default position for most sellers is to stay put, do nothing, and hunker down," suggested Mike Larson, managing broker at Compass Tacoma. He said many things are contributing to sellers’ reluctance to put their homes on the market, "most notably, COVID, inflation, the economy, the holidays, and finding a replacement property. Security and certainty are more important than cashing in on record amounts of equity."
And a table of January sales. Sales were down 11.2% YoY, Not Seasonally Adjusted (NSA).
There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/
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