by Calculated Risk on 1/24/2023 08:48:00 AM
Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in December
A brief excerpt:
The big story for December existing home sales was the sharp year-over-year (YoY) decline in sales. Another key story was that new listings were down further YoY in December as many potential sellers are locked into their current home (low mortgage rate). And active inventory increased sharply YoY.
This is the final look at local markets in December. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I update these tables throughout each month as additional data is released.
NOTE: Hopefully I’ll be adding more markets next month!