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Money

The www.FedPrimeRate.com Personal Finance Blog and Magazine

Tuesday, June 09, 2026

Existing Home Sales During MAY 2026

Existing Home Sales report for May, 2026 was released by The National Association of REALTORS® (NAR®) this morning:

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Previous Month: 4,040,000

  • Actual: 4,170,000
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  •  Change from Previous Month+3.22% (+10,000 homes)

  •  Year-on-Year (Y-o-Y)+3.22% (+130,000 homes)
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  • Inventory: 1,550,000 homes.
(4.5 months supply | +10,000 [+0.65%] 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: $429,300

  • Price Change from A Year Ago: +1.32% (+$5,600)

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From Today's Report:

"...'More Americans are on the move, with home sales rising to the highest level since December. This is great news for the housing market and the economy,' said NAR Chief Economist Dr. Lawrence Yun. 'Improving affordability is helping drive this momentum. Even with mortgage rates ticking up compared to earlier in the year, they remain lower than a year ago and are essentially at the long-term historical average. Income gains are also outpacing home price growth by a small margin in most parts of the country.'

'The new record-high May home price reflects solid fundamentals for homeowners and ongoing supply constraints,' Yun said. 'Only 1% of all home sales involved a foreclosure or an underwater situation in which the sale price could not cover the outstanding
mortgage balance. This shows that homeowners are on solid financial footing.'

'Increased home sales mean more economic activity -- lawn care, furniture purchases, moving services, mortgage originations and other related business activities all get a boost,' Yun added...
"

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CHART: 15- & 30-Year Mortgage Rates History, USA
CHART: 15- & 30-Year
Mortgage Rates History, USA
 
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