by Calculated Danger on 12/30/2024 12:38:00 PM
Right this moment, within the Calculated Danger Actual Property E-newsletter: Ultimate Have a look at Native Housing Markets in November and a Look Forward to December Gross sales
A quick excerpt:
After the Nationwide Affiliation of Realtors® (NAR) releases the month-to-month present house gross sales report, I decide up further native market information that’s reported after the NAR. That is the ultimate have a look at native markets in November.
The massive story for November was that present house gross sales elevated year-over-year (YoY) for the second time since July 2021 (October was the primary). Nevertheless, gross sales in November, at 4.15 million on a seasonally adjusted annual charge foundation (SAAR) have been nonetheless traditionally low. Gross sales averaged about 4.5 million SAAR in November 2017, 2018, and 2019. So, gross sales have been nonetheless about 23% beneath pre-pandemic ranges.
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Here’s a have a look at months-of-supply utilizing NSA gross sales. Word the regional variations with extra months-of-supply within the South, particularly in Florida and Texas (though November statistics in Florida have been seemingly nonetheless impacted by Hurricane Milton).Miami is off the charts!
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Extra native information coming in January for exercise in December!
There’s far more within the article.
