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More Analysis on December Existing Home Sales

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by Calculated Risk on 1/20/2022 10:40:00 AM

Today, in the CalculatedRisk Real Estate Newsletter: Existing-Home Sales Decreased to 6.18 million in December

Excerpt:

This graph shows existing home sales by month for 2020 and 2021.

This was the fifth consecutive month with sales down year-over-year. Sales will likely be down YoY in January 2022 too since were exceptionally strong last Winter.

[and on inventory] According to the NAR, inventory decreased to 0.92 million in December from 1.11 million in November. Inventory usually declines significantly in November and December as potential sellers remove their homes from the market for the holidays. Inventory is now at a record low.

There is much more in the post. You can subscribe at https://calculatedrisk.substack.com/ (Most content is available for free, so please subscribe).

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NAR: Existing-Home Sales Decreased to 6.18 million in December

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