4 More Local Housing Markets in August

Atlanta, New Hampshire, Portland, Sacramento

I’m tracking about 30 local housing markets in the US. Some are states, and some are metropolitan areas. I think it is especially important to watch inventory this year, especially active inventory and new listings.

I’ll update this table throughout the month as additional data is released. This note is for Atlanta, New Hampshire, Portland, and Sacramento.

Note that inventory is up year-over-year (YoY) in Sacramento (one of the few local markets with a YoY inventory increase.

Here is a summary of active listings for the first 10 housing markets released for August. So far inventory is down 2.9% in August from July, and down 30.2% year-over-year.

And here is a table for new listings in August. So far new listing are down year-over-year.

Below is a summary for each of these markets (and local commentary if available).

Portland Real Estate in August: Sales Up 2% YoY, Inventory Down 23% YoY

For Portland, Oregon:

• Total Residential Units Sold in August 2021 were 3,219, up 2.2% from 3,149 in August 2020.

• Active Residential Listings in August 2021 were 3,066, down 3.6% from last month, and down 23.3% from 3,995 in August 2020.

• New Residential Listings in August 2021 were 3,698, down 13.3% from last month, and down 4.8% from 3,885 in August 2020.

• Active inventory in Portland is up 59.5% from the record low in March 2021.

Sacramento Real Estate in August: Sales Up 1% YoY, Inventory Up 23% YoY

For Sacramento:

• Total Residential Units Sold in August 2021 were 1,579, up 1.2% from 1,560 in August 2020.

• Active Residential Listings in August 2021 were 1,527, down 4.7% from last month, and up 23.3% from 1,238 in August 2020.

• New Residential Listings in August 2021 were 2,005, down 3.5% from last month, and up 6.3% from 1,886 in August 2020.

• Active inventory in Sacramento is up 123% from the record low in March 2021.

From SacRealtor.org: Median sales price dips, inventory rises

August closed with 1,579 sales, a .3% increase from July (1,579). Compared to one year ago (1,560), the current figure is up 1.2%. …

The Active Listing Inventory decreased 4.7% from July to August, from 1,602 units to 1,527 units. Compared with [August] 2020 (1,238), inventory is up 23.3%. The Months of Inventory remained at 1 Month.

New Hampshire Real Estate in August: Sales Down 9% YoY, Inventory Down 24% YoY

For New Hampshire:

• Total Residential Units Sold in August 2021 were 2,343, down 8.7% from 2,565 in August 2020.

• Active Residential Listings in August 2021 were 2,605, down 11.9% from last month, and down 24.1% from 3,432 in August 2020.

• New Residential Listings in August 2021 were 2,521, down 7.1% from last month, and down 12.4% from 2,877 in August 2020.

• Active inventory in New Hampshire is up 69% from the record low in February 2021.

Atlanta Real Estate in August: Sales Down 2% YoY, Inventory Down 33% YoY

From the GAMLS for Atlanta:

• Total Residential Units Sold in August 2021 were 9,445, down 2.1% from 9,647 in August 2020.

• Active Residential Listings in August 2021 were 9,830, up 13.4% from last month, and down 32.9% from 14,641 in August 2020.

• New Residential Listings in August 2021 were 14,542, down 4.6% from last month, and up 6.1% from 13,707 in August 2020.

• Active inventory in Atlanta is up 41% from the record low in February 2021.