US year-over-year home-price gain shrinks to 0.4%. Prices drop YoY in 18 of the 33 metros: San Diego, Austin, Tampa, Miami, San Francisco, San Antonio, Dallas, Phoenix, Orlando, Atlanta, Denver, Raleigh, Houston, Seattle…
It says: “Not yet,” and “Quite a ways to go.” This trend has reversed before, but if it doesn’t and instead picks up momentum… Time to keep an eye on it.
Active Listings versus 2019: Tampa +40%, Orlando +42%, Jacksonville +25%, Cape Coral-Fort Myers +36%, North Port-Sarasota +36%, Lakeland +80%. Miami a little behind: +5%.
Listings YoY: San Diego +66%, Los Angeles +47%, Orange County +79%, Riverside-San Bernadino +51%, San Jose & Silicon Valley +56%; San Francisco metro +40%, Sacramento +55%, Fresno +42%.
