by Calculated Risk on 12/15/2022 11:50:00 AM
Today, in the Calculated Risk Real Estate Newsletter:
3rd Look at Local Housing Markets in November
A brief excerpt:
… housing inventory almost quadrupled to 3.1 months of inventory year over year for the Austin-Round Rock MSAemphasis added
…In November, sales were down 37.9%. In October, these same markets were down 29.3% YoY Not Seasonally Adjusted (NSA).
Note that in November 2022, there were the same number of selling days as in November 2021, so the SA decline will be similar to the NSA decline. And this suggests another significant step down in sales in November!
Many more local markets to come!
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