A brief excerpt:
Here is some more local data prior to the NAR release tomorrow.
Note: The National Association of Realtors (NAR) is scheduled to release December existing home sales on Friday, January 19th, at 10:00 AM ET. The consensus is the NAR will report sales of 3.84 million SAAR, up from 3.82 million in November.
Housing economist Tom Lawler expects the NAR to report sales of 3.84 million SAAR for December.
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And a table of December sales.
In December, sales in these markets were down 7.5%. In November, these same markets were down 6.3% YoY Not Seasonally Adjusted (NSA).
Sales in almost all of these markets are down sharply compared to December 2019.
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Annual sales for 2023 will be at the lowest level since 1995.Several local markets – like Illinois, Miami, New Jersey and New York – will report after the NAR release.
There is much more in the article.