"For many [home] sellers, it likely feels like the rug has been pulled out from underneath them"

1st Look at Local Housing Markets in September

A few early reporting markets …

This is the first look at local markets in September. I’m tracking about 35 local housing markets in the US. Some of the 35 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.

We are seeing a sharp decline in closed sales, and inventory is up sig…