Existing-home sales decreased by 8.4% in January, according to the National Association of REALTORS® Existing-Home Sales Report.

Month-over-month and year-over-year sales fell in all regions.

“The decrease in sales is disappointing. The below-normal temperatures and above-normal precipitation this January make it harder than usual to assess the underlying driver of the decrease and determine if this month’s numbers are an aberration,” said NAR Chief Economist Dr. Lawrence Yun. “Affordability conditions are improving, with NAR’s Housing Affordability Index showing that housing is the most affordable it’s been since March 2022. This is due to wage gains outpacing home price growth and mortgage rates being lower than a year ago. However, supply has not kept pace and remains quite low.”

“Due to low supply, the median home price reached a new high for the month of January,” Yun added. “Homeowners are in a financially comfortable position as a result. Since January 2020, a typical homeowner would have accumulated $130,500 in housing wealth.”

Affordability improved for the seventh consecutive month, according to NAR’s Housing Affordability Index—increasing to 116.5 in January from 111.6 in December and 102 a year ago.

Total Existing-Home Sales

• 8.4% decrease in existing-home sales month over month to a seasonally adjusted annual rate of 3.91 million.
• 4.4% decrease in sales year over year.

Inventory

• 1.22 million units: Total housing inventory, down 0.8% from December and up 3.4% from January 2025 (1.18 million).
• 3.7-month supply of unsold inventory, up from 3.5 months in December and one year ago.

Median Sales Price

• $396,800: Median existing-home price for all housing types, up 0.9% from one year ago ($393,400) – the 31st consecutive month of year-over-year price increases.

Read more details, including regional data, here…

Source: National Association of REALTORS® 2/12/26

Existing-home sales increased by 5.1% in December, according to the National Association of REALTORS® Existing-Home Sales Report. Month-over-month sales increased in all regions. Year-over-year sales increased in the South, remained flat in the Midwest and West, and decreased in the Northeast.

Total Existing-Home Sales for December

• 5.1% increase in existing-home sales month over month to a seasonally adjusted annual rate of 4.35 million.
• 1.4% increase in sales year over year.

Inventory in December

• 1.18 million units: Total housing inventory, down 18.1% from November and up 3.5% from December 2024 (1.14 million).
• 3.3-month supply of unsold inventory, down from 4.2 months in November and up from 3.2 months in December 2024.

Median Sales Price in December

• $405,400: Median existing-home price for all housing types, up 0.4% from one year ago ($403,700) – the 30th consecutive month of year-over-year price increases.

Read more details, including regional data, here…

Source: National Association of REALTORS® 1/14/26

Existing-home sales increased by 0.5% in November, according to the National Association of REALTORS® Existing-Home Sales Report. The Report provides the real estate ecosystem, including agents and homebuyers and sellers, with data on the level of home sales, price, and inventory.

Month-over-month sales increased in the Northeast and South, showed no change in the West, and fell in the Midwest. Year-over-year sales showed no change in the Northeast and South, and decreased in the Midwest and West.

“Existing-home sales increased for the third straight month due to lower mortgage rates this autumn,” said NAR Chief Economist Lawrence Yun. “However, inventory growth is beginning to stall. With distressed property sales at historic lows and housing wealth at an all-time high, homeowners are in no rush to list their properties during the winter months.”

Total Existing-Home Sales for November

• 0.5% increase in existing-home sales month over month to a seasonally adjusted annual rate of 4.13 million.
• 1.0% decrease in sales year over year.

Inventory in November

• 1.43 million units: Total housing inventory, down 5.9% from October and up 7.5% from November 2024 (1.33 million).
• 4.2-month supply of unsold inventory, down from 4.4 months in October and up from 3.8 months in November 2024.

Median Sales Price in November

• $409,200: Median existing-home price for all housing types, up 1.2% from one year ago ($404,400) – the 29th consecutive month of year-over-year price increases.

Read more details here…

Source: National Association of REALTORS® 12/19/25

Existing-home sales increased by 1.2% in October, according to the National Association of REALTORS® Existing-Home Sales Report.

Month-over-month sales increased in the Midwest and South, showed no change in the Northeast, and fell in the West. Year-over-year sales rose in the Northeast, Midwest and South, and decreased in the West.

“Home sales increased in October even with the government shutdown due to homebuyers taking advantage of lower mortgage rates,” said NAR Chief Economist Lawrence Yun. “First-time homebuyers are facing headwinds in the Northeast due to a lack of supply and in the West because of high home prices. First-time buyers fared better in the Midwest because of the plentiful supply of affordable houses and in the South because there is sufficient inventory.”

“Rents are decelerating which will reduce inflation and encourage the Federal Reserve to continue cutting rates and pulling back their quantitative tightening,” Yun added. “This will help bring more homebuyers into the market since the Fed rate has an indirect impact on mortgage rates.”

Total Existing-Home Sales for October

• 1.2% increase in existing-home sales month-over-month to a seasonally adjusted annual rate of 4.10 million.
• 1.7% increase in sales year-over-year.

Inventory in October

• 1.52 million units: Total housing inventory, down 0.7% from September and up 10.9% from October 2024 (1.37 million).
• 4.4-month supply of unsold inventory, down from 4.5 months in September and up from 4.1 months in October 2024.

Median Sales Price in October

• $415,200: Median existing-home price for all housing types, up 2.1% from one year ago ($406,800) – the 28th consecutive month of year-over-year price increases.

Read more details here…

Source: National Association of REALTORS® 11/20/25

Existing-home sales rose 1.5% in September 2025. Month-over-month sales increased in the Northeast, South, and West, and fell in the Midwest. Year-over-year, sales rose in the Northeast, Midwest, and South, and remained flat in the West.

“As anticipated, falling mortgage rates are lifting home sales,” said NAR Chief Economist Dr. Lawrence Yun. “Improving housing affordability is also contributing to the increase in sales.”

“Inventory is matching a five-year high, though it remains below pre-COVID levels,” Yun added. “Many homeowners are financially comfortable, resulting in very few distressed properties and forced sales. Home prices continue to rise in most parts of the country, further contributing to overall household wealth.”

Total Existing-Home Sales for September

• 1.5% increase in existing-home sales month-over-month to a seasonally adjusted annual rate of 4.06 million.
• 4.1% increase in sales year-over-year.

Inventory in September

• 1.55 million units: Total housing inventory, up 1.3% from August and up 14.0% from September 2024 (1.36 million).
• 4.6-month supply of unsold inventory, no change from August and up from 4.2 months in September 2024.

Median Sales Price in September

• $415,200: Median existing-home price for all housing types, up 2.1% from one year ago ($406,700) – the 27th consecutive month of year-over-year price increases.

Read more details here…

Source: National Association of REALTORS® 10/23/25

Existing-home sales remained essentially the same in August, ticking down by 0.2% from July, according to the National Association of REALTORS® Existing-Home Sales Report.

Month-over-month sales increased in the Midwest and West, and fell in the Northeast and South. Year-over-year, sales rose in the Midwest and South, and fell in the Northeast and West.

Total Existing-Home Sales for August

• 0.2% decrease in total existing-home sales month-over-month to a seasonally adjusted annual rate of 4.0 million.
• 1.8% increase in sales year-over-year.

Inventory in August

• 1.53 million units: Total housing inventory, , down 1.3% from July and up 11.7% from August 2024 (1.37 million).
• 4.6-month supply of unsold inventory, no change from July and up from 4.2 months in August 2024.

Median Sales Price in August

• $422,600: Median existing-home price for all housing types, up 2.0% from one year ago ($414,200) – the 26th consecutive month of year-over-year price increases.

Read more details here…

Source: National Association of REALTORS® 9/25/25

Month-over-month sales increased in the Northeast, South, and West, and fell in the Midwest. Year-over-year, sales rose in the South, Northeast, and Midwest, and fell in the West.

“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.”

National Snapshot

• 2.0% increase in total existing-home sales month-over-month to a seasonally adjusted annual rate of 4.01 million.
• 0.8% increase in sales year-over-year.

Inventory

• 1.55 million units: Total housing inventory , up 0.6% from June and increased 15.7% from July 2024 (1.34 million).
• 4.6-month supply of unsold inventory, down from 4.7 months in June and up from 4 months in July 2024.

Median Sales Price

• $422,400: Median existing-home price for all housing types, up 0.2% from one year ago ($421,400) – the 25th consecutive month of year-over-year price increases.

Read more details here…

Source: National Association of REALTORS® 8/21/25

According to 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.”

Total Existing-Home Sales for June

• 2.7% decrease in total existing-home sales month-over-month to a seasonally adjusted annual rate of 3.93 million.
• No change in sales year-over-year.

Inventory in June

• 1.53 million units: Total housing inventory, down 0.6% from May and increased 15.9% from June 2024 (1.32 million).
• 4.7-month supply of unsold inventory, up from 4.6 months in May and 4 months in June 2024.

Median Sales Price in June

• $435,300: Median existing-home price for all housing types, up 2% from one year ago ($426,900) — a record high for the month of June, and the 24th consecutive month of year-over-year price increases.

Read more details here…

Source: National Association of REALTORS® 7/23/25

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

Existing-Home Sales Edged Lower by 0.5% in April

Existing-home sales slid 0.5% in April to a seasonally adjusted annual rate of 4.00 million. Sales retreated 2.0% from one year ago.

The median existing-home sales price rose 1.8% from April 2024 to $414,000, an all-time high for the month of April and the 22nd consecutive month of year-over-year price increases.

The inventory of unsold existing homes bounced 9.0% from the previous month to 1.45 million at the end of April, or the equivalent of 4.4 months’ supply at the current monthly sales pace.

Read more details here…

Source: National Association of REALTORS® 5/22/25