Latest News

Existing-home sales ticked up by 0.8% from April to a seasonally adjusted rate of 4.03 million in May 2025. Year-over-year, sales declined 0.7%.

According to NAR Chief Economist Lawrence Yun, “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. Increasing participation in the housing market will increase the mobility of the workforce and drive economic growth.”

Month-over-month

• 0.8% increase in existing-home sales — seasonally adjusted annual rate of 4.03 million in May.
• 6.2% increase in unsold inventory — 1.54 million units equal to 4.6 months’ supply.

Year-over-year

• 0.7% decrease in existing-home sales.
• 1.3% increase in median existing-home sales price to $422,800.

Read more details here…

Source: National Association of REALTORS® 6/23/25