by Calculated Risk on 12/17/2025 10:15:00 AM
Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in November
A brief excerpt:
First, California reports seasonally adjusted sales and some measures of inventory. From the California Association of Realtors® (C.A.R.): California home sales reach three-year high in November, C.A.R. reports
Sales increased 1.9 percent from October, rising from 282,590 to 287,940 in November. Compared with a year earlier, November sales were up 2.6 percent from a revised 280,530.
In November, sales in these markets were down 7.1% YoY. Last month, in October, these same markets were up 1.5% year-over-year Not Seasonally Adjusted (NSA).
Important: There was one fewer working days in November 2025 (18) as in November 2024 (19). So, the year-over-year change in the headline SA data will be more than the change in NSA data (there are other seasonal factors).
…
Several local markets – like Illinois, Miami, New Jersey and New York – will report after the NAR release.
In November, sales in these markets were down 7.1% YoY. Last month, in October, these same markets were up 1.5% year-over-year Not Seasonally Adjusted (NSA).There is much more in the article.
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