by Calculated Risk on 9/22/2022 09:32:00 AM

Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in August

A brief excerpt:

The big story for August existing home sales was the sharp year-over-year (YoY) decline in sales. Another key story was that new listings were down YoY in August as the sellers’ strike continued. And active listings were up. Also, median prices are falling nationally (more than normal seasonally).

This is the final look at local markets in August. I’m tracking about 35 local housing markets in the US. Some of the 35 markets are states, and some are metropolitan areas. I update these tables throughout the month as additional data is released.

And a table of August sales. In August, sales in these markets were down 18.7% YoY. The NAR reported sales were down 17.4% NSA YoY. Contracts for sales in August were

Keep reading this article on Bill McBride - Calculedriskblog.

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