by Calculated Risk on 11/11/2021 01:36:00 PM
Today, in the Real Estate Newsletter: 3rd Look at Local Housing Markets in October
Here is a summary of active listings for the housing markets that have reported so far in October. For these markets, inventory was down 7.9% in October MoM from September, and down 25.1% YoY.
Inventory almost always declines seasonally in October, so the MoM decline is not a surprise. Last month, these markets were down 22.9% YoY, so the YoY decline in October is slightly larger than in September. This is not indicating a slowing market.
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