NOTE: I’m back from my trip to Patagonia. I’m catching up with all the local data.
This is Torres del Paine National Park in Chile.
The NAR is scheduled to release September Existing Home sales on Thursday, October 24th at 10:00 AM. The consensus is for the NAR to report sales of 4.06 million SAAR. Last year, the NAR reported sales in September 2024 at 3.90 million SAAR.
California reports Seasonally Adjusted (SA) sales and some measures of inventory whereas most of the local is Not Seasonally Adjusted (NSA).
From the California Association of Realtors® (C.A.R.): California home sales rebound in September with modest monthly and annual gains, C.A.R. says
California home sales rebounded in September, increasing modestly on both a monthly and yearly basis, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 277,410 in September, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2025 if sales maintained the September pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
After five consecutive months of year-over-year declines, September home sales activity climbed 5 percent from the 264,240 homes sold in August and rose 6.6 percent from a year ago, when 260,340 homes were sold on an annualized basis. September marked the 36th straight month in which the seasonally adjusted sales rate remained below the 300,000 benchmark.
“It’s great to see that home sales bounced back in September to their highest level in seven months as mortgage rates hit their lowest point since last October,” said Heather Ozur, a Palm Springs REALTOR®. …
The statewide median home price posted its second consecutive year-over-year gain, even as it declined month over month to its lowest level in seven months. In September, California’s median home price fell 1.7 percent to $883,640, down from $899,130 in August. This monthly decrease aligns with the long-term average decline of 1.8 percent between August and September.
Despite the dip, the median price remained 1.8 percent higher than the $868,150 recorded a year ago, marking a modest improvement over the previous month’s annual gain. …
• The Unsold Inventory Index (UII) dipped in September compared to August, as home sales increased and active listings decreased. The index was 3.6 months in September, a slight decrease from 3.9 months in August and flat from 3.6 months in September 2024. Year over year, the UII held steady even though total active listings have now risen for 20 consecutive months. However, the 16.2% annual growth rate was the smallest increase since February 2024. September marked the fifth straight month of slowing inventory growth, indicating that while supply conditions still favor buyers, momentum on the supply side is easing as the market follows its typical seasonal slowdown in the fourth quarter.
emphasis added
This is in line with national sales being up year-over-year.
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