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 offers the property environment, consisting of representatives and homebuyers and sellers, with data on the level of home sales, cost, and stock.

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 price is inching up home sales," said NAR Chief Economist Lawrence Yun. "Wage growth is now comfortably exceeding home rate development, and purchasers have more choices. Condominium sales increased in the South area, where costs had been falling for the previous year."

" Near-zero development in home costs suggests that roughly half the country is experiencing price reductions. Overall, house owners are doing well economically. Only 2% of sales were foreclosures or short sales - essentially a historical low. The market's health is supported by a cumulative 49% home cost appreciation for a normal American house owner from pre-COVID July 2019 to July this year," Dr. Yun continued.

" Homebuyers remain in the best position in more than 5 years to discover the right home and negotiate for a much better price. Current stock is at its greatest because May 2020, throughout the COVID lockdown."

National Snapshot

Total Existing-Home Sales for July

- 2.0% boost in overall existing-home sales [1] month-over-month to a seasonally changed annual rate of 4.01 million.

- 0.8% boost 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 Sales Price in July

- $422,400: Median existing-home rate [3] for all housing types, up 0.2% from one year ago ($ 421,400) - the 25th successive month of year-over-year cost 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 in 2015.

Condominiums and Co-ops in July

- 2.8% increase in sales month-over-month to a seasonally adjusted annual rate of 370,000 systems, down 2.6% year-over-year.

- $362,600: Median rate, down 1.2% from July 2024.

Regional Snapshot for Existing-Home Sales in July

Northeast

- 8.7% increase in sales month-over-month to an annual rate of 500,000, up 2.0% year-over-year.

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

Midwest

- 1.1% reduction in sales month-over-month to a yearly rate of 940,000, up 1.1% year-over-year.

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

South

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

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

West

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

- $620,700: Median rate, 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 newbie homebuyers, below 30% in June and 29% in July 2024.

- 31% of transactions were cash sales, up from 29% a month earlier and 27% in July 2024.

- 20% of deals 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 brief 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 back.

About the National Association of REALTORS ®
. The National Association of REALTORS ® is associated with all elements of residential and commercial genuine estate. The term real estate agent ® is a signed up collective membership mark that determines a property specialist who is a member of the National Association of REALTORS ® and subscribes to its strict Code of Ethics. Free of charge customer guides about navigating the homebuying and offering deal processes - from written buyer arrangements to working out payment - see facts.realtor.

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For regional information, please get in touch with the local association of Realtors ® for data from regional numerous listing services (MLS). Local MLS data is the most accurate source of sales and price details in particular areas, although there may be differences 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 released September 23. Release times are 10 a.m. Eastern. See NAR's analytical press 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 data in this release, as well as other tables and studies, are posted in the "Research and Statistics" tab.

[1] Existing-home sales, which include single-family, townhouses, condominiums and co-ops, are based upon deal closings from Multiple Listing Services. Changes in sales trends beyond MLSs are not recorded in the monthly series. NAR criteria home sales regularly using other sources to evaluate total home sales patterns, consisting of sales not reported by MLSs.
Existing-home sales, based on closings, vary from the U.S. Census Bureau's series on new single-family home sales, which are based on agreements or the acceptance of a deposit. Because of these distinctions, it is not unusual for each series to move in various instructions in the very same month. In addition, existing-home sales, which account for more than 90% of total home sales, are based on a much larger information sample - about 40% of numerous 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 speed for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are utilized in reporting monthly information to factor out seasonal variations in resale activity. For example, home sales volume is typically higher in the summer than in the winter season, mainly because of distinctions in the weather condition and family purchasing patterns. However, seasonal factors can not compensate for irregular weather patterns.
Single-family information collection began monthly in 1968, while condo data collection started quarterly in 1981; the series were combined in 1999 when regular monthly collection of condominium information started. Prior to this duration, single-family homes accounted for more than 9 out of 10 purchases. Historic contrasts for total home sales prior to 1999 are based on month-to-month single-family sales, integrated with the matching quarterly sales rate for condos.

[2] Total stock and month's supply information are readily available back through 1999, while single-family inventory and month's supply are readily available back to 1982 (prior to 1999, single-family sales accounted for more than 90% of transactions and condos were determined only on a quarterly basis).

[3] The average rate is where half offered for more and half sold for less; averages are more normal of market conditions than typical costs, which are skewed higher by a relatively little share of upper-end transactions. The only legitimate comparisons for typical costs are with the very same period a year earlier due to seasonality in purchasing patterns. Month-to-month contrasts do not compensate for seasonal changes, especially for the timing of household buying patterns. Changes in the structure of sales can distort average rate information. Year-ago mean and imply prices in some cases are revised in an automatic procedure if additional information is received.
The nationwide median condo/co-op cost typically is higher than the average single-family home price because apartments are focused in higher-cost housing markets. However, in a given location, single-family homes generally cost more than apartments as seen in NAR's quarterly city area rate reports.