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Why home-price growth is still up 18% yearly

Location
Seattle, Portland, San Francisco
Publish Date
2022/09/17

While the growth rate is cooling monthly, the market is still trying to get inventory levels back to pre-pandemic. Existing home sales are falling, and the monthly supply of new homes is at 10.9-mo. Still, home price growth ↑ ~ 11% yearly. New listings ↓ 1.25% from 6.25% to 5% and the decline has impacted the active listings to be negative

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