The NAR Released the Q3 Existing Home Sales data today, that data includes both the Median Sales Price and Total Sales for the quarter.
Q3 Data was as expected, and realize that Q3 data is a lagging indicator that includes sales from July, August, and September. We’re currently in the right in the middle of Q4. In a previous post I called “Top” in September, I believe that fits in with the NAR data released today.
The only MSA covering New Jersey that reported a decline in the Q3 numbers was the Edison, NJ (about a 2% decline) . Other areas showing declines were: Albuquerque, Charleston, Colorado Springs, Decatuar, Dallas-FtWorth, Green Bay, Kankakee, Memphis, Minneapolis-Saint Paul, Pittsfield, Rockford, Sarasota-Bradenton-Venice, Southbend, Souix Falls, and San Francisco-Oakland-Fremont.
Also released were total sales (seasonally adjusted).
Again, this was as expected, Q3 is historically the strongest quarter in terms of sales.
If anyone has the Q2 data, I’d love to have a copy, I’m looking to whether the Q2 numbers were revised upwards or downwards for this area.