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2nd Look at Local Housing Markets in March

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

A brief excerpt: Here is a summary of active listings for these housing markets in March. Note: Inventory usually increases seasonally in March, so the month-over-month (MoM) increase is not surprising.

Inventory was up 9.3% in March MoM from February, and down 13.4% year-over-year (YoY). Inventory in about half of these markets was up YoY.

It appears inventory bottomed in February. Last month, these markets were down 23.3% YoY, so this is a significant change from February. This is the first step towards a more balanced market, but inventory levels are still very low.

Notes for all tables:

1) New additions to table inĀ BOLD.

2) Northwest (Seattle) and Santa Clara (San Jose), Jacksonville, Source: Northeast Florida Association of REALTORSĀ®

3) Totals do not include Atlanta or Denver (included in state totals).There is much more in the article. You can subscribe at Calculated Risk Real Estate Newsletter

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