by Calculated Risk on 8/22/2022 12:32:00 PM
Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in July
A brief excerpt:
In June, all local markets I track were down 15.9% YoY, NSA. So, this was another step down in sales, although there was one less selling day in July this year than in July 2021. The NAR reported July sales down 22.4% YoY NSA, and down 20.2% Seasonally Adjusted (SA).
Looking ahead: In August 2022, there is one more selling day than in August 2021, so the SA decline in sales will be larger than the NSA decline.
Here is a table comparing the year-over-year Not Seasonally Adjusted (NSA) declines in sales this year from the National Association of Realtors(R) (NAR) with the local markets I track. So far, these measures have tracked closely.
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