by Calculated Risk on 1/16/2024 12:59:00 PM

Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in December

A brief excerpt:

NOTE: The tables for active listings, new listings and closed sales all include a comparison to December 2019 for each local market (some 2019 data is not available).

This is the third look at several local markets in December. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
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NOTE: The NAR is scheduled to report December existing home sales on Friday, January 19th. The consensus is for 3.84 million SAAR, up from 3.82 million in November.
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And a table of December sales.

In December, sales in these markets were down 7.5%. In November, these same markets were down 5.6% YoY Not Seasonally Adjusted (NSA).

Sales in almost all of these markets are down sharply compared to December 2019.
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Annual sales for 2023 will be at the lowest level since 1995.

More local markets to come!

There is much more in the article.