You may remember that July’s numbers were all negative when I reported them on August 11th.
However, we had a slew of late-reporters, and July wasn’t as bad as I thought – the closings over $2,000,000 were only down 14% YoY (instead of -38%).
LINK HERE for corrected July report.
Last month was better – the number of sales over $2,000,000 were +13% year-over-year!
NSDCC Detached-Home Sales, August:
Year | |||||
2017 | |||||
2018 | |||||
2019 | |||||
Latest YoY |
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I think the very recent very significant drop in mortgage rates created a lot of last minute shuffling.