Remaining take a look at native housing markets in August

by Threat calculated on 09/22/2022 09:32:00

At this time, within the Calculated Threat Actual Property E-newsletter: Remaining take a look at native housing markets in August

A quick excerpt:

The massive story for present residence gross sales in August was the sharp drop in gross sales yr over yr (YoY). One other key story was that new listings had been down year-over-year in August because the sellers’ strike continued. And energetic listings had been up. Additionally, median costs fall nationwide (greater than regular seasonally).

That is the final take a look at native markets in August. I observe about 35 native actual property markets in the US. Among the 35 markets are states and a few are metropolitan areas. I replace these charts all through the month as extra knowledge is launched.

Active inventoryAnd a chart of August gross sales. In August, gross sales in these markets had been down 18.7% year-on-year. The NAR mentioned gross sales had been down 17.4% NSA YoY. August gross sales contracts had been principally signed in June and July, and we’re seeing the affect of rising mortgage charges on August closes.

Future outlook: In September 2022, there have been the identical variety of working days as in September 2021, so the declines in SA and NSA gross sales might be comparable.

There may be much more within the article. You may register on