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Wednesday, May 11, 2022

2nd Look at Local Housing Markets in April; Inventory increasing, No Surge in New Listings

by Calculated Risk on 5/11/2022 12:48:00 PM

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

A brief excerpt:

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

Inventory was up 17.9% in April MoM from March, and up 4.9% year-over-year (YoY). Eight of 15 markets were up YoY.

Active inventory in these markets were down 19% YoY in February, and down 4.8% YoY in March, so this is a significant change from February and March. This is another step towards a more balanced market, but inventory levels are still very low.

Active InventoryNotes 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 Atlanta (included in state total).
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