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Lawler: Early Read on Existing Home Sales in March
From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 4.06 million in March, down 4.7% from February’s preliminary pace and down 1.5% from last March’s seasonally adjusted pace. Local realtor/MLS reports suggest that the median existing single-family home sales price last month was up by about 2.6% from a year earlier. CR Note: The NAR is scheduled to release March Existing Home sales on Thursday, April 24th at 10:00 AM. The consensus is for 4.14 million SAAR, down from 4.26 million. Last year, the NAR reported sales in March 2024 at 4.12 million SAAR.
From housing economist Tom Lawler:
Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 4.06 million in March, down 4.7% from February’s preliminary pace and down 1.5% from last March’s seasonally adjusted pace.
Local realtor/MLS reports suggest that the median existing single-family home sales price last month was up by about 2.6% from a year earlier.
CR Note: The NAR is scheduled to release March Existing Home sales on Thursday, April 24th at 10:00 AM. The consensus is for 4.14 million SAAR, down from 4.26 million. Last year, the NAR reported sales in March 2024 at 4.12 million SAAR.
Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 4.06 million in March, down 4.7% from February’s preliminary pace and down 1.5% from last March’s seasonally adjusted pace.
Local realtor/MLS reports suggest that the median existing single-family home sales price last month was up by about 2.6% from a year earlier.
CR Note: The NAR is scheduled to release March Existing Home sales on Thursday, April 24th at 10:00 AM. The consensus is for 4.14 million SAAR, down from 4.26 million. Last year, the NAR reported sales in March 2024 at 4.12 million SAAR.
