at Calculated Risk on 12/18/2024 05:31:00 PM
Today, in the Calculated Risk Real Estate Newsletter: 4th Look at Local Housing Markets in November
A letter excerpt:
The NAR is scheduled to release November Existing Home sales tomorrow, Thursday, December 19th at 10:00 AM. The consensus is for 3.97 million SAAR, up from 3.96 million in October. Last year, the NAR reported sales in November 2023 at 3.91 million SAAR. This will be the second year-over-year gain since July 2021 (last month was the first).
Housing economist Tom Lawler expects the NAR to report sales of 4.09 million SAAR for November.
…Here is a look at months-of-supply using NSA sales. Note the regional differences with more months-of-supply in the South, especially in Florida and Texas (although November statistics in Florida were likely still impacted by Hurricane Milton).
…
Several local markets – like Illinois, Miami, New Jersey and New York – will report after the NAR release.
There is much more in the article.