by Calculated Risk on 8/12/2024 11:12:00 AM

Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in July

A brief excerpt:

NOTE: The tables for active listings, new listings and closed sales all include a comparison to July 2019 for each local market (some 2019 data is not available).

This is the second look at local markets in July. I’m tracking over 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.

Closed sales in July were mostly for contracts signed in May and June when 30-year mortgage rates averaged 7.06% and 6.92%, respectively (Freddie Mac PMMS).

In July, sales in these markets were up 4.8% YoY. Last month, in June, these same markets were down 10.9% year-over-year Not Seasonally Adjusted (NSA).

Important: There were

Keep reading this article on Bill McBride - Calculedriskblog.

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