by Calculated Risk on 11/20/2024 09:23:00 AM

Today, in the CalculatedRisk Real Estate Newsletter: California Home Sales Up 9.5% SA YoY in October

Excerpt:

The National Association of Realtors (NAR) is scheduled to release October Existing Home sales on Thursday, Nov 21st at 10:00 AM. The consensus is for 3.88 million SAAR, up from 3.84 million in September. Last year, the NAR reported sales in October 2023 at 3.85 million SAAR. This will be the first year-over-year gain since August 2021 following 37 months with a year-over-year decline.

Housing economist Tom Lawler expects the NAR to report sales of 3.97 million SAAR for October.
...
From the California Association of Realtors® (C.A.R.): California housing market bounces back in October as both home sales and median price post increases from previous month and year, C.A.R. reports

October’s sales pace climbed 4.7 percent from the 253,010 homes sold in September and was up 9.5 percent from a year ago, when a revised 241,910 homes were sold on an annualized basis. The year-over-year sales pace reached its highest level in 40 months, partly because of a low sales base in 2023, when sales dropped nearly 12 percent compared to the previous year.

There is much more in the article.