United States Existing Home Sales

Existing home sales in the United States eased by 0.2% from the previous month to a seasonally-adjusted annualized rate of 4.00 million in August of 2025, holding the increase in the previous month, and above the market consensus of 3.96 million sales. Still, sales remained lower than the average for the year. Housing inventory fell 1.3% from the previous month to 1.53 million units, equivalent to 4.6 months of supply in the latest sales rate. In the meantime, the median existing-home price rose by 2% annually. "Record-high housing wealth and a record-high stock market will help current homeowners trade up and benefit the upper end of the market. However, sales of affordable homes are constrained by the lack of inventory," Yun added. "The Midwest was the best-performing region last month, primarily due to relatively affordable market conditions. The median home price in the Midwest is 22 percent below the national median price."