4th Have a look at Native Housing Markets in December; California Residence Gross sales down 44% YoY in December; Costs Down 2.8% YoY
by Calculated Danger on 1/18/2023 03:59:00 PM
Right now, within the Calculated Danger Actual Property E-newsletter: 4th Look at Local Housing Markets in December
A short excerpt:
That is the fourth have a look at native markets in December. I’m monitoring about 40 native housing markets within the US. A few of the 40 markets are states, and a few are metropolitan areas. I’ll replace these tables all through the month as further information is launched.
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Right here is the press launch from the California Affiliation of Realtors® (C.A.R.): Interest rate reprieve bolsters December home sales, C.A.R. reports• Current, single-family dwelling gross sales totaled 240,330 in December on a seasonally adjusted annualized fee, up 1.1 % from November and down 44.1 % from December 2021.
• December’s statewide median dwelling value was, $774,580 down 0.4% % from November and down 2.8% % from December 2021.
In December, gross sales have been down 37.8%. In November, these similar markets have been down 38.1% YoY Not Seasonally Adjusted (NSA).
It is a comparable YoY decline as in November for these markets. If nationwide gross sales decline by the identical % as final month, the NAR will report gross sales for December underneath 4.0 million SAAR – under the 4.01 million in Might 2020 (pandemic low) and the bottom gross sales fee since 2010.
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