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California Home Sales Up 4.9% YoY in March; 4th Look at Local Housing Markets
Today, in the Calculated Risk Real Estate Newsletter: California Home Sales Up 4.9% YoY in March; 4th Look at Local Housing Markets A brief excerpt: From the California Association of Realtors® (C.A.R.): Elevated interest rates and economic uncertainty ease March home sales, C.A.R. reports March’s sales pace fell 2.3 percent from the 284,540 homes sold in February and was up 4.9 percent from a year ago, when a revised 264,200 homes were sold on an annualized basis.... In March, sales in these markets were down 3.0% YoY. Last month, in February, these same markets were down 6.1% year-over-year Not Seasonally Adjusted (NSA). Important: There were the same number of working days in March 2025 (21) as in March 2024 (21). So, the year-over-year change in the headline SA data will be close to the change in the NSA data (there are other seasonal factors). ... Several local markets - like Illinois, Miami, New Jersey and New York - will report after the NAR release. There is much more in the article.
Today, in the Calculated Risk Real Estate Newsletter: California Home Sales Up 4.9% YoY in March; 4th Look at Local Housing Markets
A brief excerpt:
A brief excerpt:
From the California Association of Realtors® (C.A.R.): Elevated interest rates and economic uncertainty ease March home sales, C.A.R. reportsThere is much more in the article.March’s sales pace fell 2.3 percent from the 284,540 homes sold in February and was up 4.9 percent from a year ago, when a revised 264,200 homes were sold on an annualized basis....
Important: There were the same number of working days in March 2025 (21) as in March 2024 (21). So, the year-over-year change in the headline SA data will be close to the change in the NSA data (there are other seasonal factors).
...
Several local markets - like Illinois, Miami, New Jersey and New York - will report after the NAR release.
