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by Calculated Threat on 12/23/2025 11:14:00 AM
Right now, within the Calculated Threat Actual Property E-newsletter: Ultimate Have a look at Housing Markets in November and a Look Forward to December Gross sales
A quick excerpt:
After the Nationwide Affiliation of Realtors® (NAR) releases the month-to-month present residence gross sales report, I choose up further native market information that’s reported after the NAR. That is the ultimate have a look at native markets in November.
There have been a number of key tales for November:
• Gross sales NSA are down 0.5% YoY by means of November, and gross sales final 12 months have been the bottom since 1995!
• Gross sales SAAR (seasonally adjusted annual price) have bounced round 4 million for the final 3 years.
• Months-of-supply is above pre-pandemic ranges.
• The median value is up 1.2% YoY, and with the will increase in stock, some regional areas will see additional value declines – and we’d see nationwide value declines someday in 2026.
The median value is up 1.2% YoY, and with the will increase in stock, some regional areas will see additional value declines – and we’d see nationwide value declines someday in 2026.
Gross sales averaged shut to five.42 million SAAR for the month of November within the 2017-2019 interval. So, gross sales are about 24% beneath pre-pandemic ranges.
…In November, gross sales in these markets have been down 6.5% YoY. Final month, in October, these similar markets have been up 2.3% year-over-year Not Seasonally Adjusted (NSA). The NAR reported gross sales have been down 7.0% YoY in November, very near this market pattern.
Vital: There was one fewer working days in November 2025 (18) as in November 2024 (19). So, the year-over-year change within the headline SA information was greater than the change in NSA information (there are different seasonal elements).
…
Extra native information coming in January for exercise in December!
There’s far more within the article.
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