3rd Look at Local Housing Markets in September
Adding Albuquerque, Atlanta, Colorado, Georgia, Jacksonville, Minnesota, New Hampshire, Portland, and South Carolina
This is the third look at local markets in September. I’m tracking about 30 local housing markets in the US. Some of the 30 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
The following data is important, especially active inventory and new listings. One of the key factors for house prices is supply, and tracking local inventory reports will help us understand what is happening with supply.
Also note the divergence between markets (last year all markets mostly moved together).
Active Inventory in September
Here is a summary of active listings for these housing markets in September. For the these markets, inventory was down 1.7% in September MoM from August, and down 27.8% YoY.
Inventory in San Diego is at an all time low, whereas inventory in Denver and Sacramento is up more than double from the all time low earlier this year. Sacramento is one of the few areas with inventory up YoY.
Notes for all tables:
New additions to table in BOLD.
Northwest (Seattle), North Texas (Dallas), and Santa Clara (San Jose)
Totals do not include Atlanta or Denver (included in state totals).
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New Listings in September
And here is a table for new listings in September. For these three areas, new listings were down 2.5% YoY.
Note: Not all areas report new listings.
Closed Sales in September
And a table of September sales. Sales for these markets were down 4.2% YoY, Not Seasonally Adjusted (NSA).
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