The unusually large drop in home sales has real estate agents baffled

January 26, 2019

  • Real estate brokers are trying to figure out why sales of existing homes plunged in December.
     

  • The 6.4 percent monthly move was unusually large, regardless of direction. The tally from the National Association of Realtors usually moves in the very low single digits month to month.
     

  • In fact, the shift was one of the largest that didn't involve some sort of change in government policy, like the homebuyer tax credit.

     

Potential home buyers exit a home for sale in the Castro district of San Francisco, California.

 

Real estate brokers are trying to figure out why sales of existing homes plunged in December.

The 6.4 percent monthly move was unusually large, r