Part 1: Current State of the Housing Market; Overview for mid-December

Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-December

A brief excerpt:

Here is a graph of new listing from Realtor.com’s November 2023 Monthly Housing Market Trends Report showing new listings were up 7.5% year-over-year in October. New listings are now up year-over-year mostly because new listings collapsed in the 2nd half of 2022. From Realtor.com:

Providing a boost to overall inventory, sellers turned out in higher numbers this November as newly listed homes were 7.5% above last year’s levels. This marked the end to a 17-month streak of declining listing activity.

For the local markets I track that have reported so far, are also showing new listings up year-over-year in November.

There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/