Updated: 09-Jul-26 10:22 ETHighlights
- Existing home sales decreased 2.4% month-over-month in June to a seasonally adjusted annual rate of 4.09 million (Briefing.com consensus: 4.20 million) from an upwardly revised 4.19 million (from 4.17 million) in May.
- Sales were up 2.8% on a year-over-year basis.
- The median existing home sales price for all housing types increased 1.8% year-over-year to an all-time high $440,600, marking the 36th consecutive month of year-over-year increases.
- The median price for single-family homes rose 1.8% to $446,400.
- Existing home sales month-over-month/year-over-year across regions: Northeast (+2.1%/unchanged); Midwest (-3.0%/+2.1%); South (-3.6%/+3.8%); and West (-1.3%/+2.8%).
- Median home prices by region year-over-year: Northeast (+3.9% to $564,800); Midwest (+2.7% to $346,600); South (+0.9% to $377,700); and West (+0.9% to $633,600).
- The median time on market for existing homes was 28 days versus 29 in May and 27 days in the year-ago period.
- First-time buyers accounted for 33% of sales versus 35% in May and 30% a year ago.
- Cash sales represented 25% of transactions, unchanged from May and down from 29% a year ago.
- The key takeaway from the report is that affordability conditions improved across all regions as wage growth outpaced home price growth; however, overall sales were still pressured by high prices and elevated mortgage rates.
| Category | JUN | MAY | APR | MAR | FEB |
| Existing Home Sales | 4.09M | 4.19M | 4.04M | 4.01M | 4.13M |
| Months Supply | 4.6 | 4.5 | 4.5 | 4.2 | 3.8 |
| Median Price Y/Y | 1.8% | 1.8% | 0.8% | 1.5% | 0.3% |
