4th Look at Local Housing Markets in December; California Home Sales down 44% YoY in December; Prices Down 2.8% YoY

This is the fourth look at local markets in December. 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.
…
Here is the press release from the California Association of Realtors(R) (C.A.R.): Interest rate reprieve bolsters December home sales, C.A.R. reports

In December, sales were down 37.8%. In November, these same markets were down 38.1% YoY Not Seasonally Adjusted (NSA).

This is a similar YoY decline as in November for these markets. If national sales decline by the same percent as last month, the NAR will report sales for December under 4.0 million SAAR – below the 4.01 million in May 2020 (pandemic low) and the lowest sales rate since 2010.