by Calculated Risk on 8/20/2025 10:30:00 AM
Today, in the Calculated Risk Real Estate Newsletter: California Home Sales Down Year-over-year for 4th Straight Month
A brief excerpt:
The NAR is scheduled to release July Existing Home sales on Thursday, August 21st at 10:00 AM. The consensus is for 3.92 million SAAR, down from 3.93 million last month. Last year, the NAR reported sales in July 2024 at 3.98 million SAAR. Housing economist Tom Lawler expects the NAR to report sales of 3.92 million SAAR.
California reports Seasonally Adjusted (SA) sales and some measures of inventory whereas most of the local is Not Seasonally Adjusted (NSA).
From the California Association of Realtors® (C.A.R.): California home sales trail last year’s levels for fourth straight month, C.A.R. says
July home sales activity dipped 1.0 percent from the 264,400 homes sold in June and was down 4.1 percent from a year ago, when 272,990 homes were sold on an annualized basis.
The NAR’s July existing home sales report will likely show a 3-handle (be under 4 million SAAR) for the 2nd consecutive month.
There is much more in the article.
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