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Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in February
A brief excerpt:
Here is a summary of active listings for these housing markets in February. Inventory was up 2.4% in February month-over-month (MoM) from January, and down 30.0% year-over-year (YoY).
It appears inventory has bottomed seasonally in some areas. Last month, these markets were down 38.8% 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) and Santa Clara (San Jose)
There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/
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