by Calculated Risk on 6/23/2025 10:50:00 AM
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 4.03 million SAAR in May; Down 0.7% YoY
Excerpt:
Sales in May (4.03 million SAAR) were up 0.8% from the previous month and were 0.7% below the May 2024 sales rate. This was the 4th consecutive month with a year-over-year decline in sales. … The sales rate was above the consensus forecast (but right at housing economist Tom Lawler’s estimate).
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Sales Year-over-Year and Not Seasonally Adjusted (NSA)
The fourth graph shows existing home sales by month for 2024 and 2025.
Sales decreased 0.7% year-over-year compared to May 2024. This was the 4th consecutive month with a year-over-year decline. The next four months will have the easiest year-over-year comparisons.
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On an NSA basis for the month of May, this was 3% above the low for housing bust for the month of May that happened in May 2009. Year-to-date, sales are down 2.8% NSA.
There is much more in the article.
