08/02/2025
https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales?utm_source=chatgpt.com
The market is in a cooling and rebalancing phase: price growth has slowed, inventory is rising, and buyers have more negotiating power.
But supply constraints persist—especially in desirable metros—keeping prices elevated.
Affordability remains a critical issue, with high monthly payments locking out many first-time and lower-income buyers.
Expect continued geographic divergence: some markets remain very strong, others are showing real weakening.
The market is likely to stay muted through 2025, possibly gaining momentum only in 2026 if interest rates ease and supply increases.
The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
