by Calculated Danger on 12/30/2024 12:38:00 PM
At this time, within the Calculated Danger Actual Property E-newsletter: Last Have a look at Native Housing Markets in November and a Look Forward to December Gross sales
A short excerpt:
After the Nationwide Affiliation of Realtors® (NAR) releases the month-to-month present dwelling gross sales report, I decide up extra native market information that’s reported after the NAR. That is the ultimate take a look at native markets in November.
The large story for November was that present dwelling gross sales elevated year-over-year (YoY) for the second time since July 2021 (October was the primary). Nonetheless, gross sales in November, at 4.15 million on a seasonally adjusted annual fee 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.
…
Here’s a take a look at months-of-supply utilizing NSA gross sales. Observe the regional variations with extra months-of-supply within the South, particularly in Florida and Texas (though November statistics in Florida have been doubtless nonetheless impacted by Hurricane Milton).Miami is off the charts!
…
Extra native information coming in January for exercise in December!
There’s far more within the article.
