by Calculated Risk on 6/17/2021 04:39:00 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.
The table below shows some data for May.
Although inventory in these areas is down about 54% year-over-year, inventory is mostly unchanged month-to-month. Seasonally we’d usually expect an increase in inventory from April to May.
|Existing Home Inventory|
|1excluding Denver (included in Colorado)|