According to the National Association of Realtors, on a year-over-year basis, existing home sales were 0.7% higher than last year. However, total existing home sales, including single-family homes, townhomes, condominiums and co-ops, fell 1.7% to a seasonally adjusted annual rate of 4.06 million in July 2026. The July median sales price of all existing homes was $434,100, up 2.0% from last year. This marks the 37th consecutive month of year-over-year increases. Existing home sales in July were mixed across the four major regions: Sales fell in the South and Midwest,…
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Existing home sales rise in metro markets
According to the National Association of REALTORS’ latest quarterly report, home prices rose in 80% of metro markets during the second quarter of 2026. The report also showed the national median single-family existing-home price rose 1.5% year-over-year to $434,900, up from 0.5% annual growth in the first quarter. “Home sales increased despite mortgage rates rising. This testifies to the potential housing demand building up from steady job and income gains,” said NAR Chief Economist Dr. Lawrence Yun. “Sales rose in three of the four major regions, with the South leading…
Read MorePending home sales soften in June
According to the National Association of REALTORS® Pending Home Sales report, pending home sales in June decreased by 5.4% month-over-month and 0.3% year-over-year. However, at the local level, several markets posted notable year-over-year gains in pending home sales. Among the 50 largest metro areas, 10 markets posted large annual increases in pending home sales. The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. NAR Chief Economist Lawrence Yun said that elevated mortgage rates and home prices are driving factors…
Read MoreExisting-home sales slow in June
The National Association of REALTORS (NAR) Existing-Home Sales report was released on July 9, 2026. According to the report, existing-home sales slowed in June, decreasing by 2.4% month-over-month and increasing 2.8% year-over-year. “The back-and-forth in monthly home sales activity, driven by mild fluctuations in mortgage rates, shows how sensitive home buyers 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.” In June, Month-over-month existing-home sales increased…
Read MoreExisting-home sales expected to total 4.10 million
According to Realtor.com’s 2026 Housing Forecast Midyear Update, existing-home sales are expected to total 4.10 million as year-over-year growth improves in the second half of the year. Existing-home sales steadied in April before climbing in May. Year-to-date, existing-home sales are currently just 0.2% ahead of their prior year pace. The report expects growth to pick up in the second half of 2026, though by less than originally forecasted. As a result, existing-home sales are expected to grow 1.0% to an annual total of 4.10 million. The May existing-home sales data…
Read MoreExisting home sales rise to a 5-month high
According to the S&P Cotality Case-Shiller Home Price Index, existing home sales rose 3.2% in May to a five-month high of 4.17 million. The spring selling season initially started slowly before gaining traction towards the end. Chicago continued to lead in existing home sales, followed by New York City and Cleveland. Meanwhile, pending home sales climbed 3.8% with a 4.8% year-over-year gain. Looking ahead, mortgage rates have hovered near 6.5% for six consecutive weeks, pushed higher by renewed inflation concerns and elevated energy prices. At the same time, listing prices…
Read MoreExisting home sales expected to increase
The National Association of REALTORS (NAR) Chief Economist Dr. Lawrence Yun reported that home sales are expected to be modestly better in the second half of 2026, while NAR’s current forecast calls for existing-home sales to rise 4% this year. Meanwhile, mortgage rates are projected to average 6.5% in 2026. Yun added that housing wealth accumulation will continue in 2026, with the typical homeowner gaining approximately $16,000 in wealth this year. Despite headwinds in the housing market, Yun said the U.S. economy will avoid a recession in 2026. Dr. Jessica Lautz,…
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