July 2025 Monthly Statistics

U.S. existing-home sales fell 2.7% from the previous month to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS® (NAR). Sales were unchanged from one year earlier. Regionally, monthly sales declined in the Midwest, Northeast, and South but rose in the West. Year-over-year, sales decreased in the Northeast and West but increased in the South and Midwest.

New listings increased 5.4% for single-family homes but decreased 14.6% for condominium homes. Pending sales rose 33.9% for single-family homes and 19.2% for condominium homes. Inventory grew 23.7% for single-family homes and 20.0% for condominium homes.

The median sales price increased 9.6% to $1,315,000 for single-family homes but decreased 15.5% to $675,000 for condominium homes. Days on market increased 45.4% for single-family homes but decreased 0.7% for condominium homes. Months supply of inventory rose 36.2% for single-family homes and 42.1% for condominium homes.

Nationally, the median existing-home sales price rose 2.0% year-over-year to $435,300 — a new monthly high and the 24th consecutive month of annual price gains, according to NAR. Slower sales activity has contributed to rising inventory this year, with 1.53 million properties listed for sale heading into July, a 15.9% increase from the same time last year and equivalent to a 4.7-month supply at the current sales pace.

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