by Calculated Danger on 9/13/2024 03:13:00 PM
At this time, within the Calculated Danger Actual Property E-newsletter: 2nd Have a look at Native Housing Markets in August
A short excerpt:
NOTE: The tables for energetic listings, new listings and closed gross sales all embrace a comparability to August 2019 for every native market (some 2019 information will not be out there).
That is the second take a look at a number of early reporting native markets in August. I’m monitoring over 40 native housing markets within the US. A number of the 40 markets are states, and a few are metropolitan areas. I’ll replace these tables all through the month as extra information is launched.
Closed gross sales in August have been largely for contracts signed in June and July when 30-year mortgage charges averaged 6.92% and 6.85%, respectively (Freddie Mac PMMS).
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In August, gross sales in these markets have been down 5.3% YoY. Final month, in July, these identical markets have been up 4.1% year-over-year Not Seasonally Adjusted (NSA).Vital: There was one fewer working day in August 2024 in comparison with August 2023 (22 vs 23), so seasonally adjusted gross sales up be up greater than NSA gross sales. Final month, in July 2024, there have been two extra working days in comparison with July 2023 (22 vs 20), so seasonally adjusted gross sales have been decrease than the NSA information suggests.
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This was only a a number of early reporting markets. Many extra native markets to return!
There’s rather more within the article.
