NAR: Existing-Home Sales Increased to 4.38 million SAAR in February; Median Prices Down 7.1 From Peak (NSA)

Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 4.38 million SAAR in February

Excerpt:

Sales Year-over-Year and Not Seasonally Adjusted (NSA)

The fourth graph shows existing home sales by month for 2023 and 2024.

Sales declined 3.3% year-over-year compared to February 2023. This was the thirtieth consecutive month with sales down year-over-year. Be careful with February sales – the seasonal factor plays a role in boosting sales.

There is much more in the article.