by Calculated Risk on 12/13/2021 04:28:00 PM

Today, in the Real Estate Newsletter: 3rd Look at Local Housing Markets in November

Excerpt:

Looks like we will see new record low inventories this winter
...
Here is a summary of active listings for these housing markets in November. Inventory was down 14.7% in November month-over-month (MoM) from October, and down 28.7% year-over-year (YoY).

Inventory almost always declines seasonally in November, so the MoM decline is not a surprise. Last month, these markets were down 25.4% YoY, so the YoY decline in November is larger than in October. This isn’t indicating a slowing market..

Notes for all tables:

1. New additions to table in BOLD.

2. Northwest (Seattle), North Texas (Dallas), and Santa Clara (San Jose), Jacksonville, Source: Northeast Florida Association of REALTORS®

3. Totals do not include Denver (included in state totals).