Excerpt:
The sales rate was above the consensus forecast (but close to housing economist Tom Lawler’s estimate).
...
Sales Year-over-Year and Not Seasonally Adjusted (NSA)
The fourth graph shows existing home sales by month for 2023 and 2024.
Sales increased 6.1% year-over-year compared to November 2023.
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On an NSA basis, sales are down 1.5% year-to-date compared to 2023.
