August 2025
U.S. existing-home sales rose 2.0% month-over-month and 0.8% year-over-year to
a seasonally adjusted annual rate of 4.01 million units, according to the National
Association of REALTORS® (NAR). Economists polled by Reuters had forecast a
rate of 3.92 million units. Regionally, sales increased on a monthly basis in the West,
South, and Northeast, but declined in the Midwest.
New Listings were up 15.2 percent to 1,671. Pending Sales increased 11.6 percent
to 1,283. Inventory grew 39.3 percent to 3,550 units.
Prices moved lower as Median Sales Price was down 0.2 percent to $278,350. Days
on Market increased 7.5 percent to 43 days. Months Supply of Inventory was up
34.8 percent to 3.1 months.
Nationally, 1.55 million units were listed for sale heading into August, up 0.6% from
the previous month and 15.7% higher than the same time last year, representing a
4.6-month supply at the current sales pace, according to NAR. Inventory is now at
its highest level since May 2020, a shift that has helped slow price growth in many
markets. As a result, the national median existing-home sales price edged up just
0.2% year-over-year to $422,400.
Information courtesy of CMLS*
