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Monday, January 24, 2022

Final Look at Local Housing Markets in December

by Calculated Risk on 1/24/2022 12:40:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in December

A brief excerpt:

This update adds Alabama, Columbus, Indiana, Miami, Minneapolis, New York, Phoenix and Rhode Island. ...

Here is a summary of active listings for these housing markets in December. Inventory was down 17.7% in December month-over-month (MoM) from November, and down 31.3% year-over-year (YoY).

Inventory almost always declines seasonally in December, so the MoM decline is not a surprise. Last month, these markets were down 27.4% YoY, so the YoY decline in December is larger than in November. This isn’t indicating a slowing market.

Case-Shiller House Prices IndicesNotes 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 and Minneapolis (included in state totals).
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