Washington, D.C., Aug. 21, 2025 (GLOBE NEWSWIRE) — Existing-home sales increased by 2.0% in July, 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, 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
Total Existing-Home Sales for July
- 2.0% increase in total existing-home sales[1] month-over-month to a seasonally adjusted annual rate of 4.01 million.
- 0.8% increase in sales year-over-year.
Inventory in July
- 1.55 million units: Total housing inventory[2], 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 in July
- $422,400: Median existing-home price[3] for all housing types, up 0.2% from one year ago ($421,400) – the 25th consecutive month of year-over-year price increases.
Single-Family and Condo/Co-op Sales
Single-Family Homes in July
- 2.0% increase in sales to a seasonally adjusted annual rate of 3.64 million, up 1.1% from July 2024.
- $428,500: Median home price in July, up 0.3% from last year.
Condominiums and Co-ops in July
- 2.8% increase in sales month-over-month to a seasonally adjusted annual rate of 370,000 units, down 2.6% year-over-year.
- $362,600: Median price, down 1.2% from July 2024.
Regional Snapshot for Existing-Home Sales in July
Northeast
- 8.7% increase in sales month-over-month …