Final take a look at the native housing markets in November

from Calculated threat on 12/28/2022 08:40:00

At present within the Calculated Threat Actual Property Publication: Final take a look at the native housing markets in November

A brief excerpt:

The large story for November Present House Gross sales was the sharp YoY drop in gross sales. One other key story was that November new registrations continued to fall year-on-year as many potential sellers are tied to their present houses (low mortgage charges). And energetic stock rose sharply yr over yr.

That is the final take a look at the native markets in November. I observe about 35 native housing markets throughout the US. A number of the 35 markets are state, others are metropolitan. I replace these tables every month as extra information is launched.

NOTES: I might be including a number of extra markets subsequent month!

First, here is a chart that compares the year-over-year non-seasonally adjusted (NSA) gross sales declines this yr from the Nationwide Affiliation of Realtors® (NAR) to the native markets I am monitoring. I can, These measures have been intently adopted. NAR reported gross sales have been down 35.2% NSA YoY in November.
…
Extra native dates coming in January for December actions!

My first expectation is that in December we are going to see an identical year-over-year gross sales decline as we did in November, because of the enhance in mortgage charges in September and October.