The National Association of Realtors is reporting that existing home sales dropped 1.7% in August, 2026 to a seasonally-adjusted annual rate of 3.98 million. Total housing inventory at the end of August was 1.62 million units, up 3.2% from July and up 5.9% from one year ago. Unsold inventory sits at a 4.9-month supply at the current sales rate. The median existing-home price for all housing types in August was $429,100 – the 38th consecutive month of year-over-year price increases. The NAR says rising inventory levels are a boon for buyers:
“The number of months it would take to exhaust the total inventory at the current sales pace has grown to 4.9 months’ supply—its highest level in over ten years. The ample supply of homes for sale on the market is giving homebuyers better opportunities to negotiate.” Said the NAR’s Chief Economist, Lawrence Yun.
Click here to read the full release at the National Association of Realtors.
