Today, in the CalculatedRisk Real Estate Newsletter:
NAR: Existing-Home Sales Decreased to 4.04 million SAAR in August; Median Prices Increased 3.9% YoY in August
Excerpt:
Sales Year-over-Year and Not Seasonally Adjusted (NSA)
The fourth graph shows existing home sales by month for 2022 and 2023.
Sales declined 15.3% year-over-year compared to August 2022. This was the twenty-fourth consecutive month with sales down year-over-year. Since sales were declining all year in 2022, the year-over-year declines are getting smaller - even as sales declined over the last 6 months.
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