Week of April 22, 2019

Housing Market Snapshot

Month-over-month change in total sales for December 2018

Month-over-month change in total sales for December 2018
Region MoM change in total sales in 12/2018
Midwest -22.76%
Northeast -18.72%
South -11.35%
West -17.23%
 
State MoM change in total sales in 12/2018
Alabama -13.72%
Alaska -21.99%
Arizona -12.90%
Arkansas -11.77%
California -22.54%
Colorado -8.44%
Connecticut -10.59%
Delaware -11.03%
District of Columbia 2.53%
Florida -10.04%
Georgia -36.57%
Hawaii -32.20%
Idaho -18.49%
Illinois -22.78%
Indiana -16.64%
Iowa -21.41%
Kansas -14.26%
Kentucky -7.90%
Louisiana -8.17%
Maine -21.55%
Maryland -13.42%
Massachusetts -19.29%
Michigan -33.90%
Minnesota -22.83%
Mississippi -6.27%
Missouri -16.68%
Montana -16.55%
Nebraska -30.34%
Nevada -15.16%
New Hampshire -21.04%
New Jersey -18.11%
New Mexico -14.51%
New York -18.66%
North Carolina -9.72%
North Dakota -23.57%
Ohio -19.40%
Oklahoma -7.51%
Oregon -19.69%
Pennsylvania -20.41%
Rhode Island -19.33%
South Carolina -5.53%
South Dakota -46.00%
Tennessee -10.44%
Texas -5.16%
Utah -8.56%
Vermont -11.76%
Virginia -12.89%
Washington -17.49%
West Virginia -23.88%
Wisconsin -28.62%
Wyoming -18.05%

Only Washington, D.C., had a month-over-month increase in total units sold in December 2018.1 Sales increased by 2.53%, possibly due to market demand. All other states showed a decrease, which may be due to a seasonal slowdown.

Regionally, the South had the smallest drop in sales compared with the rest of the county. Colder temperatures may have caused larger declines in the Northeast and the Midwest. It is possible that demand may have been even lower in January as a polar vortex affected much of the nation.

1Source data: CoreLogic®

Data date: 3/11/2019

 

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