Updated: 11-Aug-26 10:20 ETHighlights
- Existing home sales decreased 1.7% month-over-month in July to a seasonally adjusted annual rate of 4.06 million (Briefing.com consensus: 4.07 million) from an upwardly revised 4.13 million (from 4.09 million) in June.
- Sales were up 0.7% on a year-over-year basis.
- The median existing home sales price for all housing types increased 2.0% year-over-year to $425,700, marking the 37th consecutive month of year-over-year increases. The median price for single-family homes rose 1.9% to $440,300.
- Existing home sales month-over-month/year-over-year across regions: Northeast (+2.0%/unchanged); Midwest (-2.0%/+2.1%); South (-3.1%/unchanged); and West (unchanged/+1.4%).
- Median home prices by region year-over-year: Northeast (+5.2% to $563,800); Midwest (+2.8% to $342,900); South (+0.9% to $371,700); and West (+0.2% to $622,200).
- There was a 4.6-month supply of unsold inventory, unchanged from June and a year ago. A 6.0-month supply is typically equated with a more balanced market.
- The median time on market for existing homes was 29 days versus 28 in June and 28 days in the year-ago period.
- First-time buyers accounted for 29% of sales versus 33% in June and 28% a year ago.
- Cash sales represented 26% of transactions versus 25% in June and 31% a year ago.
- The key takeaway from the report is that mortgage rates above 6.00%, limited inventory, and elevated prices continue to work against stronger existing home sales activity.
| Category | JUL | JUN | MAY | APR | MAR |
| Existing Home Sales | 4.06M | 4.13M | 4.19M | 4.04M | 4.01M |
| Months Supply | 4.6 | 4.6 | 4.5 | 4.5 | 4.2 |
| Median Price Y/Y | 2.0% | 2.3% | 1.8% | 0.8% | 1.5% |
