Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in February
A brief excerpt: This is the second look at local markets in February. 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.
In February, sales in these markets were down 23.1%. In January, these same markets were down 33.8% YoY Not Seasonally Adjusted (NSA).
This is a significantly smaller YoY decline NSA than in January for these early reporting markets.
The early data suggests NAR reported sales will rebound in February. This will still be a significant YoY decline, and the 18th consecutive month with a YoY decline.
Many more local markets to come!There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/