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 realty community, including representatives and property buyers and sellers, with data on the level of home sales, rate, and inventory.

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

" The ever-so-slight enhancement in housing price is inching up home sales," said NAR Chief Economist Lawrence Yun. "Wage development is now conveniently outpacing home cost growth, and purchasers have more options. Condominium sales increased in the South area, where rates had been falling for the previous year."

" Near-zero growth in home costs suggests that approximately half the nation is experiencing cost decreases. Overall, house owners are succeeding economically. Only 2% of sales were foreclosures or short sales - basically a historical low. The marketplace's health is supported by a cumulative 49% home price gratitude for a common American homeowner from pre-COVID July 2019 to July this year," Dr. Yun continued.

" Homebuyers are in the very best position in more than five years to discover the ideal home and work out for a much better cost. Current stock is at its greatest because May 2020, during the COVID lockdown."

National Snapshot

Total Existing-Home Sales for July

- 2.0% boost in total existing-home sales [1] month-over-month to a seasonally adjusted yearly rate of 4.01 million.

- 0.8% increase in sales year-over-year.

Inventory in July

- 1.55 million units: Total housing stock [2], up 0.6% from June and increased 15.7% from July 2024 (1.34 million).

- 4.6-month supply of unsold stock, below 4.7 months in June and up from 4 months in July 2024.

Median List Prices in July

- $422,400: Median existing-home cost [3] for all housing types, up 0.2% from one year ago ($ 421,400) - the 25th consecutive month of year-over-year rate boosts.

Single-Family and Condo/Co-op Sales

Single-Family Homes in July

- 2.0% increase in sales to a seasonally changed yearly 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% boost 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 to a yearly rate of 500,000, up 2.0% year-over-year.

- $509,300: Median cost, up 0.8% from July 2024.

Midwest

- 1.1% decrease in sales month-over-month to an annual rate of 940,000, up 1.1% year-over-year.

- $333,800: Median rate, up 3.9% from July 2024.

South

- 2.2% boost in sales month-over-month to a yearly rate of 1.85 million, up 2.2% year-over-year.

- $367,400: Median price, down 0.6% from July 2024.

West

- 1.4% increase in sales month-over-month to a yearly rate of 720,000, down 4.0% year-over-year.

- $620,700: Median price, down 1.4% from July 2024.

REALTORS ® Confidence Index for July

- 28 days: Median time on market for residential or commercial properties, up from 27 days last month and 24 days in July 2024.

- 28% of sales were first-time property buyers, down from 30% in June and 29% in July 2024.

- 31% of deals were money sales, up from 29% a month back and 27% in July 2024.

- 20% of transactions were individual financiers or second-home purchasers, up from 14% last month and 13% in July 2024.

- 2% of sales were distressed sales [4] (foreclosures and short sales), down somewhat from 3% in June and up slightly from 1% in July 2024.

Mortgage Rates

- 6.72%: The typical 30-year fixed-rate mortgage in July, according to Freddie Mac, down from 6.82% in June and 6.85% one year ago.

About the National Association of REALTORS ®
. The National Association of REALTORS ® is included in all elements of residential and industrial property. The term real estate agent ® is a registered collective subscription mark that determines a property specialist who is a member of the National Association of REALTORS ® and registers for its strict Code of Ethics. Free of charge consumer guides about navigating the homebuying and offering deal processes - from composed buyer contracts to working out settlement - go to facts.realtor.

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For regional details, please call the local association of Realtors ® for information from regional several listing services (MLS). Local MLS data is the most accurate source of sales and rate information in particular locations, although there may be distinctions in reporting method.
NOTE: NAR's Pending Home Sales Index for July will be released August 28, and Existing-Home Sales for August will be launched September 23. Release times are 10 a.m. Eastern. See NAR's analytical news release schedule.

Information about NAR is readily available at nar.realtor. This and other news releases are published in the newsroom at nar.realtor/ newsroom. Statistical information in this release, as well as other tables and surveys, are posted in the "Research and Statistics" tab.

[1] Existing-home sales, that include single-family, townhouses, condos and co-ops, are based on transaction closings from Multiple Listing Services. Changes in sales trends beyond MLSs are not captured in the monthly series. NAR benchmarks home sales periodically utilizing other sources to examine overall home sales patterns, including sales not reported by MLSs.
Existing-home sales, based upon closings, differ from the U.S. Census Bureau's series on new single-family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not unusual for each series to move in different directions in the exact same month. In addition, existing-home sales, which represent more than 90% of overall home sales, are based on a much larger information sample - about 40% of multiple listing service information each month - and usually are exempt to big prior-month modifications.
The yearly rate for a specific month represents what the overall variety of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are utilized in reporting month-to-month data to factor out seasonal variations in resale activity. For instance, home sales volume is typically higher in the summertime than in the winter, mainly since of differences in the weather condition and household purchasing patterns. However, seasonal elements can not make up for abnormal weather patterns.
Single-family data collection began monthly in 1968, while apartment data collection started quarterly in 1981; the series were integrated in 1999 when monthly collection of apartment data began. Prior to this period, single-family homes accounted for more than nine out of 10 purchases. Historic comparisons for overall home sales prior to 1999 are based on regular monthly single-family sales, integrated with the matching quarterly sales rate for apartments.

[2] Total inventory and month's supply information are offered back through 1999, while single-family inventory and month's supply are offered back to 1982 (prior to 1999, single-family sales represented more than 90% of deals and condominiums were determined only on a quarterly basis).

[3] The average cost is where half cost more and half sold for less; averages are more common of market conditions than average rates, which are skewed greater by a fairly small share of upper-end deals. The only valid contrasts for mean costs are with the very same period a year earlier due to seasonality in purchasing patterns. Month-to-month comparisons do not compensate for seasonal modifications, specifically for the timing of household purchasing patterns. Changes in the structure of sales can misshape mean cost data. Year-ago typical and imply costs often are modified in an automated procedure if extra information is received.
The nationwide mean condo/co-op cost typically is greater than the median single-family home cost since condos are concentrated in higher-cost housing markets. However, in a given location, single-family homes generally offer for more than apartments as seen in NAR's quarterly city location price reports.