by Calculated Risk on 8/19/2021 06:11:00 PM
I’m gathering existing home data for many local markets, and I’m watching inventory very closely this year.
As I noted in Some thoughts on Housing Inventory
The key for housing in 2021 will be inventory. If inventory stays extremely low, there will be more housing starts and a larger increase in house prices. However, if inventory increases significantly, there will be fewer starts and less price appreciation.
Although inventory in these areas is down about 33% year-over-year, inventory is up 13.5% month-to-month (and up 26.5% over the last two months). Seasonally we’d usually expect a small increase in inventory from June to July – so some of this increase is seasonal (as opposed to a shift in the market).
|Existing Home Inventory|
|1excluding Denver (included in Colorado)|