by Calculated Risk on 10/07/2025 08:18:00 AM
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in September
A brief excerpt:
Tracking local data gives an early look at what happened the previous month and also reveals regional differences in both sales and inventory.
September sales will be mostly for contracts signed in July and August, and mortgage rates averaged 6.72% in July and 6.59% in August (lower than for closed sales in July).
In September, sales in these early reporting markets were up 7.0% YoY. Last month, in August, these same markets were down 1.8% year-over-year Not Seasonally Adjusted (NSA).
Important: There were one more working days in September 2025 (21) as in September 2024 (20). So, the year-over-year change in the headline SA data will be lower than the NSA data suggests (there are other seasonal factors).
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This was just several early reporting markets. Many more local markets to come!
There is much more in the article.
