Nothing New For Existing Home Sales

Existing-home sales held roughly steady in August after tepid uptick in July. That NAR reported a seasonally adjusted annual rate of 4.0 million , down 0.2% from July but 1.8% higher than a year ago. Sales have now hovered near 75% of pre-pandemic norms for three years, reflecting the same constrained but stable environment that has defined the market since 2022. NAR Chief Economist Lawrence Yun said mortgage rates are beginning to ease and inventory is slowly improving, which should help future sales. He added that record-high housing wealth and a strong stock market may support move-up activity, even as the lower end of the market remains tight. Regional Breakdown (Sales and Prices, August 2025) Region Sales (annual rate) MoM Change Median Price YoY Change Northeast 480k -4.0% $534,200 +6.2% Midwest 960k +2.1% $330,500 +4.5% South 1.83m -1.1% $364,100 +0.4% West 730k +1.4% $624,300 +0.6% National Market Stats