by Calculated Risk on 9/09/2025 08:21:00 AM
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in August
A brief excerpt:
Tracking local data gives an early look at what happened the previous month and also reveals regional differences in both sales and inventory.
August sales will be mostly for contracts signed in June and July, and mortgage rates averaged 6.82% in June and 6.72% in July (somewhat lower than for closed sales in July).
In August, sales in these early reporting markets were down 5.0% YoY. Last month, in July, these same markets were up 0.5% year-over-year Not Seasonally Adjusted (NSA).
Important: There were one fewer working days in August 2025 (21) as in August 2024 (22). So, the year-over-year change in the headline SA data will be more than the NSA data (there are other seasonal factors).
…
This was just several early reporting markets. Many more local markets to come!
In August, sales in these early reporting markets were down 5.0% YoY. Last month, in July, these same markets were up 0.5% year-over-year Not Seasonally Adjusted (NSA).There is much more in the article.
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