Is NAR data seasonally adjusted?

NAR seasonally adjusts the existing home sales data so that we can compare the sales in February with the sales in August and not worry that the difference is a result of seasonal pattern. NAR does not adjust the median home price series, so those data should not be compared month-to-month. Instead, we compare the change in home prices from one year prior.

For more detail, see our economist commentary on this issue here.

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