Existing Home Sales Rebound
In July 2025, existing home sales in the United States experienced a 2% increase compared to the previous month, reaching a seasonally-adjusted annualized rate of 4.01 million. This marks the most significant rise since February, surpassing market predictions of a 3.92 million rate. Alongside the uptick in sales, housing inventory also saw a rise, increasing by 0.6% from the previous month to 1.55 million units, which translates to 4.6 months' worth of unsold inventory. Additionally, the median price of existing home sales edged up by 0.2% from the previous year, amounting to $422,400. NAR Chief Economist Lawrence Yun remarked, "The slight improvement in housing affordability is gradually increasing home sales. Wage growth is now comfortably outstripping home price growth, providing buyers with more options. The South region, in particular, saw an increase in condominium sales where prices had been declining over the past year."
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