Third Quarter NAR Data Released
The NAR Released the Q3 Existing Home Sales data today, that data includes both the Median Sales Price and Total Sales for the quarter.
Median Sales Price
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).
Total Sales by State
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.
Thanks,
James
Median Sales Price
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).
Total Sales by State
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.
Thanks,
James
5 Comments:
Thanks, everything checked out as far as the preliminary and revised numbers. As for the N/A, not sure why that could be. I'll be calling the NJAR tomorrow inquiring about the Q3 NJ Data..
jb
Readers interested in NAR data, in particular those who have been following the NAR anti-bubble campaign, should head on over to Bubble Meter.
Bubble Meter
Specifically, the post on "NAR's Housing Market Reports", which shows most of the reports are largely BS.
grim
Grim,
Thanks for the kind words. I am working hard in publicizing the BS in these NAR reports. I have contacted the media about these bogus housing reports.
David,
No problem, good work, nice catch to everyone involved in the anti-anti-bubble campaign.
For those readers who aren't sure what the anti-bubble campaign is, see the following link:
NAR Anti-Bubble Campaign
This entire campaign is largely BS, it's aimed at spouting the same myths we've heard time and time again, except this time they've formalized these reports into handouts. I've even heard that realtors are handing these reports out to prospective buyers are the first sign of bubble-talk.
Oddly, there is only a single NJ report, for the Trenton-Ewing MSA:
Trenton, NJ
Take a look and tell me if it's convincing to you. Then take a look at some of the other reports.
Caveat Emptor,
Grim
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