by Calculated Risk on 10/19/2021 03:20:00 PM
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 6.2 million in September, up 5.4% from August’s preliminary pace but down 3.7% from last September’s seasonally adjusted pace
Local realtor reports, as well as reports from national inventory trackers, suggest that the YOY % decline in the inventory of existing homes for sale last month was similar to that in August.
Finally, local realtor/MLS reports suggest the median existing single-family home sales price last month was up by about 12.6% from last September.