Sales aren't booming; our weekly pending sales data is showing slight growth. The comps are extremely low for existing home sales from June to October. Reports that will be released from July to November should be considered in the context of the historical low comps.
Sales aren't booming; our weekly pending sales data is showing slight growth. The comps are extremely low for existing home sales from June to October. Reports that will be released from July to November should be considered in the context of the historical low comps.
+9% week to week
+25% year over year
23 straight weeks of year-over-year growth
10 consecutive weeks of double-digit growth
Let's review since I know some of you are confused by this data line.
+9% week to week
+25% year over year
23 straight weeks of year-over-year growth
10 consecutive weeks of double-digit growth
Let's review since I know some of you are confused by this data line.
-3% week to week
+14% year over year
The streak continues at 20 weeks of year-over-year growth
Lets review
-3% week to week
+14% year over year
The streak continues at 20 weeks of year-over-year growth
Lets review
Outside of 2001 recession, this has been the norm
Extreme low bar today
Outside of 2001 recession, this has been the norm
Extreme low bar today
(But it is roughly 250K of the sales peak during Covid) Even though we just hit a multi-year high in sales
Don't confuse these two data lines
(But it is roughly 250K of the sales peak during Covid) Even though we just hit a multi-year high in sales
Don't confuse these two data lines