12/29/2025
U.S. sales of existing homes rose 1.2% from the previous month to a seasonally adjusted annual rate of 4.10 million, according to the National Association of REALTORS® (NAR), as buyers took advantage of lower mortgage rates this fall. Sales increased in the Midwest and South, held steady in the Northeast, and edged down in the West. Year over year, sales were up 1.7%, with gains in the Northeast, Midwest, and South, while the West posted a decline.
Nationally, inventory dipped 0.7% month over month but rose 10.9% year over year, totaling 1.52 million units, according to NAR. At the current sales pace, supply stands at 4.4 months, slightly below last month’s level but higher than the 4.1 months recorded a year ago. Supported by modest inventory levels, prices continue to rise, with the national median existing-home price increasing 2.1% year over year to $415,200, marking 28 consecutive months of annual gains.
