Another 5 Local Housing Markets in August
Boston, Des Moines, Jacksonville, Minnesota, South Carolina
Note: Additions are in BOLD in tables.
I’m tracking about 30 local housing markets in the US. (this update makes 20 so far for August).
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 adds Boston, Des Moines, Jacksonville, Minnesota, and South Carolina.
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 20 housing markets released for August. So far inventory is down 1.9% in August month-over-month (MoM) from July, and down 29.8% YoY.
Note: Denver is not included in the totals (included in Colorado).
And here is a table for new listings in August. So far new listing are down 1.7% YoY. However, not all areas report new listings, and Houston just reports that annual change. Given the size of the Houston market, a 10.9% annual increase in New Listings would likely change the sign of the total.
And a table of August sales. So far sales are up 0.2% YoY, Not Seasonally Adjusted (NSA).