I’m watching housingtracker.net on regular basis and all the winter and early spring the real time housing market data was bad, but not ugly. With Monday update it became closer to what I would call ugly, it was a sharp deterioration of data.

The inventories increased sharply and in many cases are trending into uncharted territory.

  • The list of major cities where inventories are above the last year maximum (most ugly):
    • Atlanta 😦 😦 😦
    • Chicago 😦 😦
    • Dallas 😦 😦
    • Houston 😦 😦
    • Las Vegas 😦 😦 😦
    • Miami 😦 😦 😦 😦
    • Phoenix 😦 😦 😦
    • St. Louis 😦
  • Cities where inventories are already at last summer level, but below the maximum (not so ugly yet):
    • Baltimore 😦
    • Detroit 😦 😦
    • LA 😦
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