The National Association of Realtors is reporting that existing home sales were down 0.2% in August, 2025 to a seasonally-adjusted annual rate of 4 million. Total housing inventory at the end of August was 1.53 million units, down 1.3% from July and up 11.7% from one year ago. Unsold inventory sits at a 4.6-month supply at the current sales rate with properties remaining on the market for around 31 days. The median existing-home price for all housing types in August was $422,600 – the 26th consecutive month of year-over-year price increases. The NAR says more inventory is needed;
“Home sales have been sluggish over the past few years due to elevated mortgage rates and limited inventory…However, mortgage rates are declining and more inventory is coming to the market, which should boost sales in the coming months.” Said the NAR’s Chief Economist, Lawrence Yun.
Click here to read the full release at the National Association of Realtors.
