bee Calculated Risk On 2/11/2025 11:07:00 AM
Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in January
A letter excerpt:
Note: The tables for Active Listings, New Listings and Closed Sales All included a Comparison to January 2019 for each local market (some 2019 data is not available).
This is the second look at Several Early Reporting Local Markets in January. I’m tracking over 40 Local Housing Markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’m update these tables throughout the month as additional data is released.
Closed sales in January were mostly for contracts signed in November and December when 30-year mortgage rates averaged 6.81% and 6.72%, respectively (Freddie Mac PMMS). This was an increase from the average rate for homes that closed in November, but Down from the average rate of 7.1% in November and December 2023.
…Here is a look at months-of-supply using NSA sales. Since this is NSA data, it is likely this will be near the seasonal low for months-of-supply.
Months in Red are areas that will likely see 6 months of supply later this year.
…
Many more local markets to come!
There is much more in the article.