Sorry y’all, this month got away from me. Below I have posted the August charts.
Not a ton to report here. The price per square foot popped, but it’s a noisy series and the 3-month average was pretty flat:
Meanwhile, the months-of-inventory measure continues to follow right along with the pre-Covid average (albeit with both inventory and monthly sales running well below):
There was some relief on the monthly payments front as the 30-year mortgage has declined recently. Still pretty brutal though.
That’s all I’ve got… more charts below.