August 2026
U.S. existing-home sales edged down 1.7% from the previous month to a
seasonally adjusted annual rate of 4.06 million units, according to the National
Association of REALTORS® (NAR). Regionally, sales increased in the Northeast,
held steady in the West, and declined in the Midwest and South. On a year-over-
year basis, sales rose in the Midwest and West while remaining flat in the Northeast
and South.
New Listings were up 7.6 percent to 1,694. Pending Sales increased 2.4 percent to
1,205. Inventory grew 28.8 percent to 4,042 units.
Median Sales Price was up 1.4 percent to $282,000. Days on Market increased 9.3
percent to 47 days. Months Supply of Inventory was up 21.4 percent to 3.4 months.
Nationally, the median existing-home sales price climbed to $431,400, as inventory
remained at a 4.6-month supply at the current sales pace, NAR reported. Year-to-
date sales are up 2.4%, reflecting stable demand even amid elevated mortgage
rates. Homes are sitting on the market longer and fewer buyers are bidding above
asking price compared to a year earlier, though local market conditions vary widely.
Information courtesy of CMLS*
