by Calculated Risk on 2/18/2022 11:31:00 AM

Today, in the CalculatedRisk Real Estate Newsletter: Existing-Home Sales Increased to 6.50 million in January

Excerpt:

This graph shows existing home sales by month for 2021 and 2022.

Sales declined 2.3% year-over-year compared to January 2021. This was the sixth consecutive month with sales down year-over-year.
...
[and on inventory] According to the NAR, inventory decreased to 0.86 million in January from 0.88 million in December. Inventory is now at a record low.

There is much more in the post.  You can subscribe at https://calculatedrisk.substack.com/ (Most content is available for free, so please subscribe).