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Wednesday, August 10, 2022

Homebuyers Hit Brakes in July, Sellers Hold Back

by Calculated Risk on 8/10/2022 01:15:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Homebuyers Hit Brakes in July, Sellers Hold Back

A brief excerpt:

The big story for July existing home sales is the sharp year-over-year (YoY) decline in sales. Another key story is that new listings are down YoY in July. Of course, active listings are up sharply.
Notes for all tables:

1. New additions to table in BOLD.

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

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

Conforming Loan LimitAnd here is a table for new listings in July. For these areas, new listings were down 8.6% YoY.

Last month, new listings in these markets were up 3.9% YoY. Overall, we aren’t seeing a pickup in new listings in these markets. In most markets, new listings are down YoY.
Much more to come!
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