by Calculated Risk on 7/23/2025 10:53:00 AM
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 3.93 million SAAR in June; Unchanged YoY
Excerpt:
Sales in June (3.93 million SAAR) were down 2.7% from the previous month and were unchanged compared to the June 2024 sales rate. This was the 5th consecutive month with sales unchanged or down year-over-year. … The sales rate was below the consensus forecast (but right at housing economist Tom Lawler’s estimate).
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Sales Year-over-Year and Not Seasonally Adjusted (NSA)
The fourth graph shows existing home sales by month for 2024 and 2025.
Sales were unchanged year-over-year compared to June 2024. This was the 5th consecutive month with sales unchanged or down year-over-year. The next three months will also have the easy year-over-year comparisons.
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On an NSA basis for the month of June, this was 7% below the low for housing bust for the month of June that happened in June 2008. Year-to-date, sales are down 1.5% NSA.
There is much more in the article.
