Existing Home Sales During JULY 2025
Existing Home Sales report for July 2025 was released by The National Association of REALTORS® (NAR®) this morning:
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The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
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From Today's Report:
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Previous Month: 3,930,000
- Actual: 4,010,000
- Change from Previous Month: +2.04% (+80,000 homes)
- Year-on-Year (Y-o-Y): +0.75% (+30,000 homes)
- Inventory: 1,550,000 homes.
(4.6 months supply | +210,000 [+15.67%] homes Y-o-Y.)
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The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
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Median Price: $422,400
- Price Change from A Year Ago: +0.24% (+$1,000)
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From Today's Report:
"...'The ever-so-slight improvement in housing affordability is inching up home sales,' said NAR Chief Economist Lawrence Yun. 'Wage growth is now comfortably outpacing home price growth, and buyers have more choices. Condominium sales increased in the South region, where prices had been falling for the past year.'
'Near-zero growth in home prices suggests that roughly half the country is experiencing price reductions. Overall, homeowners are doing well financially. Only 2% of sales were foreclosures or short sales -- essentially a historic low. The market's health is supported by a cumulative 49% home price appreciation for a typical American homeowner from pre-COVID July 2019 to July this year,' Dr. Yun continued.
'Homebuyers are in the best position in more than five years to find the right home and negotiate for a better price. Current inventory is at its highest since May 2020, during the COVID lockdown.'..."
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Labels: existing_home_sales, FedPrimeRate, FedPrimeRate.com, hard_data, homes, housing, Housing_Recession, Lawrence_Yun, NAR, preowned_homes, property, real_estate, REALTORS, used_homes, www.FedPrimeRate.com
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posted by Steve Brown | 8/21/2025 02:43:00 PM
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