NAR is scheduled to release existing home sales figures for March tomorrow, Thursday, April 18th at 10 a.m. ET. The consensus was SAAR 4.2 million, down from SAAR 4.38 million in February.
housing economist Tom Lawlor is hopeful. NAR reported March sales of SAAR 4.23 million. … And here is the sales table for March.
Sales in these markets were down 9.7% year-over-year in March. In February, these same markets rose 1.6% year over year on a seasonally adjusted (NSA) basis.
Sales in most of these markets are down compared to 2019.
This is a year-over-year decline in NSA in these early reporting markets. However, in March 2024 he had two fewer business days than in March 2023, so seasonally adjusted sales are expected to be higher year over year than non-seasonally adjusted sales. … More local markets will release data after tomorrow's NAR release.