by Calculated Risk on 2/19/2024 11:02:00 AM

Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in January; California Home Sales Up 5.9% YoY in January

A brief excerpt:

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

This is the third look at several local markets in January. 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.
...
Note: The National Association of Realtors (NAR) is scheduled to release January existing home sales on Thursday, February 22nd, at 10:00 AM ET. The consensus is for 3.97 million SAAR, up from 3.78 million.

Housing economist Tom Lawler expects the NAR to report sales of 4.02 million SAAR for January.
...
And a table of January sales.

In January, sales in these markets were up 3.0%. In December, these same markets were down 7.3% year-over-year Not Seasonally Adjusted (NSA).

Sales in most of these markets are down sharply compared to January 2019.
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More local markets to come!

There is much more in the article.