A brief excerpt:
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 3.84 million in December, up 0.5% from November’s preliminary pace and down 4.7% from last December’s seasonally adjusted pace. Unadjusted sales should show a larger YOY % decline, reflecting this December’s lower business day count compared to last December’s.
Local realtor/MLS reports suggest that the median existing single-family home sales price last month was up by about 5.0% from last December.
For 2023 as a whole existing home sales as estimated by the NAR should come in at 4.089 million, the lowest annual sales pace since 1995.
There is more in the article.