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3rd Look at Local Housing Markets in October
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The Calculated Risk Real Estate Newsletter's October analysis reveals a 0.3% YoY decline in local housing market sales, contrasting with an 8.0% YoY increase in September. Mortgage rates averaged 6.59% in August and 6.35% in September. The year-over-year change in headline SA data will mirror NSA data due to identical working days in October 2025 and 2024. Further local market insights are forthcoming.
by Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in October 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. October sales will be mostly for contracts signed in August and September, and mortgage rates averaged 6.59% in August and 6.35% in September (lower than for closed sales in September). In October, sales in these markets were down 0.3% YoY. Last month, in September, these same markets were up 8.0% year-over-year Not Seasonally Adjusted (NSA). Important: There were the same number of working days in October 2025 (22) as in October 2024 (22). So, the year-over-year change in the headline SA data will be similar to the change in NSA data (there are other seasonal factors). ... More local markets to come! There is much more in the article.
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