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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Previous Month: 3,930,000

• Actual: 4,010,000

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•  Change from Previous Month: +2.04% (+80,000 homes)
  
  
•  Year-on-Year (Y-o-Y): +0.75% (+30,000 homes)

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• 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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• 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 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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INFOGRAPHIC: Existing Home Sales
JULY 2025 UPDATE
(Copyright © 2025 REALTORS®)

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• Click here to view the NAR® data.

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Existing Home Sales During JUNE 2025

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

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Previous Month: 4,040,000

• Actual: 3,930,000

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•  Change from Previous Month: -2.72% (-110,000 homes)
  
  
•  Change from A Year Ago (Y-o-Y): FLAT (No Change)

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• Inventory: 1,530,000 homes.

(4.7 months supply | +210,000 [+15.9%] 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: $435,300 (New Record-High)
  
  
• Price Change from A Year Ago: +1.97% (+$8,400)

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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.

==========

From Today's Report:

"...'The record high median home price highlights how American homeowners' wealth continues to grow -- a benefit of homeownership. The average homeowner's wealth has expanded by $140,900 over the past five years,' said NAR Chief Economist Lawrence Yun.

'Multiple years of undersupply are driving the record high home price. Home construction continues to lag population growth. This is holding back first-time home buyers from entering the market. More supply is needed to increase the share of first-time homebuyers in the coming years even though some markets appear to have a temporary oversupply at the moment.'

'High mortgage rates are causing home sales to remain stuck at cyclical lows. If the average mortgage rates were to decline to 6%, our scenario analysis suggests an additional 160,000 renters becoming first-time homeowners and elevated sales activity from existing homeowners,' Dr. Yun continued.

'Expanding 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 to increase across the country due to strong income growth, healthy inventory, and a record-high number of jobs.'..."

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INFOGRAPHIC: Existing Home Sales
JUNE 2025 UPDATE
(Copyright © 2025 REALTORS®)

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• Click here to view the NAR data.

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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.

==========

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..."

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INFOGRAPHIC: Existing Home Sales
MAY 2025 UPDATE
(Copyright © 2025 REALTORS®)

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• Click here to view the NAR data.

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