by Calculated Risk on 4/07/2022 02:20:00 PM
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in March
A brief excerpt:
Inventory was up 31.5% in March MoM from February, and down 1.0% year-over-year (YoY). The YoY decline in inventory in these markets was due entirely to San Diego (a very tight market). The other markets were up YoY.
This is early, and just a few markets, but it appears inventory has bottomed. Last month, these markets were down 26.1% YoY, so this is a significant change from February. This is the first step towards a more balanced market, but inventory levels are still very low.
1) New additions to table in BOLD.
2) Northwest (Seattle)
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