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Final Look at Local Housing Markets in January

by Calculated Risk on 2/21/2022 12:53:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in January

A brief excerpt:

This update adds Columbus, Illinois, Indiana, Miami, New York and Phoenix.

Here is a summary of active listings for these housing markets in January. Inventory was down 10.2% in January month-over-month (MoM) from December, and down 31.8% year-over-year (YoY).

Inventory almost always declines seasonally in January, so the MoM decline is not a surprise. Last month, these markets were down 29.4% YoY, so the YoY decline in January was larger than in December. This isn’t indicating a slowing market.

Notes for all tables:

1. New additions to table in BOLD.

2. Northwest (Seattle), North Texas (Dallas), and Santa Clara (San Jose), Jacksonville, Source: Northeast Florida Association of REALTORS(R)

3. Totals do not include Atlanta, Denver, Minneapolis (included in state totals).

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