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.
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/