{"id":1669,"date":"2025-09-27T05:46:48","date_gmt":"2025-09-27T05:46:48","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/nothing-new-for-existing-home-sales\/"},"modified":"2025-09-27T05:46:48","modified_gmt":"2025-09-27T05:46:48","slug":"nothing-new-for-existing-home-sales","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/nothing-new-for-existing-home-sales\/","title":{"rendered":"Nothing New For Existing Home Sales"},"content":{"rendered":"\n
\n

Existing-home sales held roughly steady in August after tepid uptick in July. That NAR reported a seasonally adjusted annual rate of 4.0 million<\/strong>, down 0.2% from July but 1.8% higher than a year ago. Sales have now hovered near 75% of pre-pandemic norms for three years, reflecting the same constrained but stable environment that has defined the market since 2022.<\/p>\n

<\/p>\n

NAR Chief Economist Lawrence Yun said mortgage rates are beginning to ease and inventory is slowly improving, which should help future sales. He added that record-high housing wealth and a strong stock market may support move-up activity, even as the lower end of the market remains tight.<\/p>\n

Regional Breakdown (Sales and Prices, August 2025)<\/strong><\/p>\n

\n
\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n
Region<\/th>\n

<\/p>\n

Sales (annual rate)<\/th>\n

<\/p>\n

MoM Change<\/th>\n

<\/p>\n

Median Price<\/th>\n

<\/p>\n

YoY Change<\/th>\n


\n<\/tr>\n

\n<\/thead>\n

<\/p>\n

Northeast<\/td>\n

<\/p>\n

480k<\/td>\n

<\/p>\n

-4.0%<\/td>\n

<\/p>\n

$534,200<\/td>\n

<\/p>\n

+6.2%<\/td>\n


\n<\/tr>\n

<\/p>\n

Midwest<\/td>\n

<\/p>\n

960k<\/td>\n

<\/p>\n

+2.1%<\/td>\n

<\/p>\n

$330,500<\/td>\n

<\/p>\n

+4.5%<\/td>\n


\n<\/tr>\n

<\/p>\n

South<\/td>\n

<\/p>\n

1.83m<\/td>\n

<\/p>\n

-1.1%<\/td>\n

<\/p>\n

$364,100<\/td>\n

<\/p>\n

+0.4%<\/td>\n


\n<\/tr>\n

<\/p>\n

West<\/td>\n

<\/p>\n

730k<\/td>\n

<\/p>\n

+1.4%<\/td>\n

<\/p>\n

$624,300<\/td>\n

<\/p>\n

+0.6%<\/td>\n


\n<\/tr>\n


\n<\/tbody>\n


\n<\/table>\n<\/div>\n<\/div>\n

National Market Stats<\/strong><\/p>\n

    <\/p>\n
  • Total Housing Inventory: 1.53 million units (down 1.3% from July; up 11.7% YoY)<\/li>\n

    <\/p>\n

  • Unsold Inventory Supply: 4.6 months (unchanged from July; up from 4.2 a year ago)<\/li>\n

    <\/p>\n

  • Median Existing-Home Price: $422,600 (up 2.0% YoY)<\/li>\n

    <\/p>\n

  • Typical Time on Market: 31 days (up from 28 last month; up from 26 a year ago)<\/li>\n

    <\/p>\n

  • First-Time Home Buyer Share: 28% (unchanged from July; up from 26% a year ago)<\/li>\n

    <\/p>\n

  • Cash Sales Share: 28% (down from 31% last month; up from 26% a year ago)<\/li>\n

    <\/p>\n

  • Investor\/Second-Home Buyer Share: 21% (up slightly from 20% last month)<\/li>\n

    <\/p>\n

  • Distressed Sales Share: 2% (unchanged from July; up slightly from 1% a year ago)<\/li>\n

    \n<\/ul>\n

    August\u2019s data reinforces the broader theme: demand is low, but at least it’s stable.\u00a0 Slightly softer mortgage rates and slowly rising inventory could help break the logjam if those trends persist into the fall.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Existing-home sales held roughly steady in August after tepid uptick in July. That NAR reported a seasonally adjusted annual rate of 4.0 million, down 0.2% from July but 1.8% higher than a year ago. Sales have now hovered near 75% of pre-pandemic norms for three years, reflecting the same constrained but stable environment that has […]<\/p>\n","protected":false},"author":1,"featured_media":1670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[348,259,309],"class_list":["post-1669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-existing","tag-home","tag-sales"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1669"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1670"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}