by Calculated Risk on 1/19/2024 10:50:00 AM

Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 3.78 million SAAR in December; Months-of-Supply above December 2019

Excerpt:

Sales Year-over-Year and Not Seasonally Adjusted (NSA)

The fourth graph shows existing home sales by month for 2022 and 2023.

Sales declined 6.2% year-over-year compared to December 2022. This was the twenty-eighth consecutive month with sales down year-over-year. This was just below the previous cycle low of 3.79 million SAAR in October.

On an annual basis, sales were down 19% from 2022 to the lowest level since 1995.

There is much more in the article.