A brief excerpt:
The NAR is scheduled to release August Existing Home sales on Thursday, September 25th at 10:00 AM. The consensus is for the NAR to report sales of 3.98 million SAAR. Last year, the NAR reported sales in August 2024 at 3.93 million SAAR.
Housing economist Tom Lawler expects the NAR to report August sales of 3.90 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 rebound in August as lower rates lift demand, C.A.R. says
August home sales activity edged up 0.9 percent from the 261,820 homes sold in July and slipped 0.2 percent from a year ago, when 264,640 homes were sold on an annualized basis. August’s sales level remained slightly below last year’s revised level and marked the fifth consecutive month of year-over-year sales declines. …
This is in line with national sales being mostly unchanged year-over-year.
There is much more in the article.