August 2025 Monthly Statistics

U.S. existing-home sales rose 2.0% month-over-month and 0.8% year-over-year to a seasonally adjusted annual rate of 4.01 million units, according to the National Association of REALTORS® (NAR). Economists polled by Reuters had forecast a rate of 3.92 million units. Regionally, sales increased in the West, South, and Northeast, while the Midwest experienced a decline.

New listings showed mixed results. Single-family homes increased by 23.1%, while condominium homes decreased by 9.7%. Pending sales rose 19.6% for single-family homes and 2.0% for condominiums. Inventory also grew, up 22.3% for single-family homes and 13.3% for condominiums.

Prices and market activity varied between property types. The median sales price decreased 3.6% to $1,277,000 for single-family homes and dropped 35.0% to $650,000 for condominiums. Days on market rose 10.5% for single-family homes but fell 1.8% for condominiums. Meanwhile, the months’ supply of inventory increased 31.7% for single-family homes and 31.6% for condominiums.

Nationally, 1.55 million units were listed for sale heading into August, up 0.6% from the previous month and 15.7% higher than a year earlier. This represents a 4.6-month supply at the current sales pace, according to NAR. Inventory is now at its highest level since May 2020, a shift that has helped slow price growth in many markets. As a result, the national median existing-home sales price edged up just 0.2% year-over-year to $422,400.

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