Money

Monday, June 23, 2025

Existing Home Sales During MAY 2025

Existing Home Sales report for May 2025 was released by The National Association of REALTORS® (NAR®) this morning:

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Previous Month: 4,000,000

Actual: 4,030,000

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Change from Previous Month: +0.75% (+30,000 homes)
Change from A Year Ago: -0.74% (-30,000 homes)

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Inventory: 1,540,000 homes.

(4.6 months supply | +260,000 [+20.31%] homes year-on-year.)

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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: $422,800
Price Change from A Year Ago: +1.34% (+$5,600)

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Click Here for Historical Prices and a Chart.

Click Here for New Home Sales Data.

Click Here for the monthly New Home Sales report.

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From Today's Report:

"...'The relatively subdued sales are largely due to persistently high mortgage rates. Lower interest rates will attract more buyers and sellers to the housing market,' said NAR Chief Economist Lawrence Yun. 'Increasing participation in the housing market will increase the mobility of the workforce and drive economic growth. If mortgage rates decrease in the second half of this year, expect home sales across the country to increase due to strong income growth, healthy inventory, and a record-high number of jobs.'

Mortgage Rates: 6.81%: Average 30-year fixed-rate mortgage as of June 18 according to Freddie Mac, down from 6.84% one week before and 6.87% one year ago..."