Final Look at Local Housing Markets in December

Year-over-Year: Sales Down Sharply, Inventory Increased, New Listings Down

The big story for December existing home sales was the sharp year-over-year (YoY) decline in sales. Another key story was that new listings were down further YoY in December as many potential sellers are locked into their current home (low mortgage rate). And active inventory increased sharply YoY.

This is the final look at local markets in December. I’m…