NAR: Existing-Home Sales Decreased to 3.79 million SAAR in October; New Cycle Low, Months-of-Supply Close to 2019 Levels

Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 3.79 million SAAR in October; New Cycle Low

Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA)

The fourth graph shows existing home sales by month for 2022 and 2023.

Sales declined 14.6% year-over-year compared to October 2022. This was the twenty-sixth consecutive month with sales down year-over-year. This was a new cycle low, below the 3.95 million SAAR in September 2023.There is much more in the article.  You can subscribe at https://calculatedrisk.substack.com/ Please subscribe!