by Calculated Risk on 11/11/2021 01:36:00 PM
Today, in the Real Estate Newsletter: 3rd Look at Local Housing Markets in October
This is the third look at local markets in October. This update adds Albuquerque, Atlanta, Colorado, Houston, Jacksonville, Minnesota, Portland, Sacramento and Santa Clara.
Here is a summary of active listings for the housing markets that have reported so far in October. For these markets, inventory was down 7.9% in October MoM from September, and down 25.1% YoY.
Inventory almost always declines seasonally in October, so the MoM decline is not a surprise. Last month, these markets were down 22.9% YoY, so the YoY decline in October is slightly larger than in September. This is not indicating a slowing market.
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