Final Look at Local Housing Markets in August

Inventory Up, Sales Down Sharply, New Listings Decline

The big story for August existing home sales was the sharp year-over-year (YoY) decline in sales. Another key story was that new listings were down YoY in August as the sellers’ strike continued. And active listings were up. Also, median prices are falling nationally (more than normal seasonally).

This is the final look at local markets in August. I’m t…