4th Take a look at Native Housing Markets in November

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by Calculated Danger on 12/18/2024 05:31:00 PM

As we speak, within the Calculated Danger Actual Property Publication: 4th Take a look at Native Housing Markets in November

A quick excerpt:

The NAR is scheduled to launch November Present Residence gross sales tomorrow, Thursday, December nineteenth at 10:00 AM. The consensus is for 3.97 million SAAR, up from 3.96 million in October. Final 12 months, the NAR reported gross sales in November 2023 at 3.91 million SAAR. This would be the second year-over-year achieve since July 2021 (final month was the primary).

Housing economist Tom Lawler expects the NAR to report gross sales of 4.09 million SAAR for November.

Here’s a take a look at months-of-supply utilizing NSA gross sales. Notice the regional variations with extra months-of-supply within the South, particularly in Florida and Texas (though November statistics in Florida have been probably nonetheless impacted by Hurricane Milton).

A number of native markets – like Illinois, Miami, New Jersey and New York – will report after the NAR launch.

There may be far more within the article.

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