NAR Existing-Home Sales Report shows 2.4% decrease in June

Existing-home sales decreased by 2.4% month over month but increased 2.8% year over year, according to the most recent National Association of REALTORS® (NAR) Existing-Home Sales Report. The report provides the real estate ecosystem, including agents, homebuyers, and sellers, with data on the level of home sales, price, and inventory.

Month-over-month sales increased in the Northeast, and declined in the Midwest, South, and West. Year-over-year sales rose in the Midwest, South, and West, and were flat in the Northeast. 

“The back-and-forth in monthly home sales activity, driven by mild fluctuations in mortgage rates, shows how sensitive homebuyers are to affordability conditions,” said NAR Chief Economist Lawrence Yun. “However, job gains—more than half a million since the beginning of the year—will continue to provide support for the housing market.

“The median home price has reached an all-time high,” Yun noted. “Even so, affordability is better than a year ago because wage growth is outpacing home price growth. However, progress on long-term housing affordability could be hampered if inventory growth continues to stall. Without consistent gains in inventory, home prices can accelerate. It is critical to introduce more supply to the market to widen the opportunity for homeownership.”

National Snapshot for June

Total existing-home sales

• 2.4% decrease month over month
• 2.8% increase year over year to a seasonally adjusted annual rate of 4.09 million

Inventory

• 1.56 million units (total housing inventory), down 0.6% from May and up 1.3% from June 2025
• 4.6-month supply of unsold inventory, up from 4.5 months in May and unchanged from one year ago

Median sales price

• $440,600 (for all housing types)
• 1.8% increase from one year ago ($432,700)—the 36th consecutive month of year-over-year price increases

Housing affordability

• The average 30-year fixed-rate mortgage in June was 6.49%, according to Freddie Mac, up from 6.44% in May but down from 6.82% one year ago.
• The Housing Affordability Index registered at 102.3, up from 95.5 a year ago.
• Year over year, affordability improved across all regions:
• Northeast: +4.5%
• Midwest: +6.2%
• South: +8.3%
• West: +8.9%

Single-family and condo/co-op sales

Single-family homes

• 2.4% decrease in sales month over month to a seasonally adjusted annual rate of 3.73 million, up 3.3% from June 2025
• $446,400 median home price, up 1.8% from last year

Condominiums and co-ops

• 2.7% decrease in sales month over month with a seasonally adjusted annual rate of 360,000, a 2.7% decrease from last year
• $380,000 median price, up 1.6% from June 2025

Regional Snapshot for June

Northeast

• 2.1% increase in sales month over month to an annual rate of 480,000, unchanged from June 2025
• $564,800 median price, up 3.9% from June 2025

Midwest

• 3.0% decrease in sales month over month to an annual rate of 980,000, up 2.1% year over year
• $346,600 median price, up 2.7% from June 2025

South

• 3.6% decrease in sales month over month to an annual rate of 1.89 million, up 3.8% year over year
• $377,700 median price, up 0.9% from June 2025

West

• 1.3% decrease in sales month over month to an annual rate of 740,000, up 2.8% year over year
• $633,600 median price, up 0.9% from June 2025

REALTORS® Confidence Index for June

• Median time on market for properties: 28 days, down from 29 days in May but up from 27 days in June 2025
• First-time homebuyers: 33% of sales, down from 35% in May but up from 30% one year ago
• Cash sales: 25% of transactions, unchanged from May and down from 29% in June 2025
• Individual investors or second-home buyers: 13% of transactions, down from 14% in May and down from 14% one year ago
• Distressed sales (foreclosures and short sales): 2% of sales, up from 1% in May but down from 3% one year ago

About the National Association of REALTORS®

The National Association of REALTORS® (NAR) is involved in all aspects of residential and commercial real estate. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes—from written buyer agreements to negotiating compensation—visit facts.realtor.