Existing-home sales decreased by 2.4% month-over-month and increased 2.8% year-over-year, according to the National Association of REALTORS® Existing-Home Sales report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales, price, and inventory.

Month-over-month sales increased in the Northeast, and declined in the Midwest, South and West. Year-over-year sales rose in the Midwest, South and West and were flat in the Northeast.

“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.”

“The median home price has reached an all-time high. Even so, affordability is better than a year ago because wage growth is outpacing home price growth,” Yun continued. “However, progress on long-term housing affordability could be hampered if inventory growth continues to stall. Without consistent gains in inventory, home prices can accelerate. It is critical to introduce more supply to the market to widen the opportunity for homeownership.”

National Snapshot

Total Existing-Home Sales for June

• 2.4% decrease in existing-home sales¹ month-over-month.
• 2.8% increase in existing-home sales year-over-year to a seasonally adjusted annual rate of 4.09 million.

Inventory in June

• 1.56 million units: Total housing inventory², down 0.6% from May and up 1.3% from June 2025.
• 4.6-month supply of unsold inventory, up from 4.5 months last month and unchanged from 4.6 months one year ago.

Median Sales Price in June

• $440,600: Median existing-home price³ for all housing types
• 1.8% increase from one year ago ($432,700)—the 36th consecutive month of year-over-year price increases.

Housing Affordability in June

• The Housing Affordability Index registered at 102.3, up from 95.5 a year ago.
• Year-over-year, affordability improved across all regions.
• Northeast +4.5%
• Midwest +6.2%
• South +8.3%
• West +8.9%

Single-Family Homes in June

• 2.4% decrease in sales month-over-month to a seasonally adjusted annual rate of 3.73 million, up 3.3% from June 2025.
• $446,400: Median home price, up 1.8% from last year.

Condominiums and Co-ops in June

• 2.7% decrease in sales month-over-month with a seasonally adjusted annual rate of 360,000
• 2.7% decrease from last year.
• $380,000: Median price, up 1.6% from June 2025.

Regional Snapshot for Existing-Home Sales in June

Northeast

• 2.1% increase in sales month-over-month to an annual rate of 480,000
• Unchanged from June 2025
• $564,800: Median price, up 3.9% from June 2025

Midwest

• 3.0% decrease in sales month-over-month to an annual rate of 980,000
• Up 2.1% year-over-year
• $346,600: Median price, up 2.7% from June 2025

South

• 3.6% decrease in sales month-over-month to an annual rate of 1.89 million
• Up 3.8% year-over-year
• $377,700: Median price, up 0.9% from June 2025

West

• 1.3% decrease in sales month-over-month to an annual rate of 740,000
• Up 2.8% year-over-year
• $633,600: Median price, up 0.9% from June 2025

REALTORS® Confidence Index for June

• 28 days: Median time on market for properties, down from 29 days last month
• Up from 27 days in June 2025
• 33% of sales were first-time homebuyers, down from 35% in May
• Up from 30% one year ago
• 25% of transactions were cash sales, unchanged from last month
• Down from 29% in June 2025
• 13% of transactions were individual investors or second-home buyers, down from 14% last month
• Down from 14% one year ago
• 2% of sales were distressed sales⁴ (foreclosures and short sales), up from 1% last month
• Down from 3% one year ago

Mortgage Rates

• 6.49%: The average 30-year fixed-rate mortgage in June, according to Freddie Mac, up from 6.44% in May and down from 6.82% one year ago.

About the National Association of REALTORS®

The National Association of REALTORS® is involved in all aspects of residential and commercial real estate. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes—from written buyer agreements to negotiating compensation—visit facts.realtor.