June 2025 Monthly Statistics

U.S. existing-home sales edged up 0.8% month-over-month to a seasonally adjusted annual rate of 4.03 million units, slightly exceeding economists’ expectations. However, sales were still down 0.7% compared to the same period last year, according to the National Association of REALTORS® (NAR). Month-over-month, sales increased in the Midwest, Northeast, and South, while the West saw a decline.

New listings dropped 23.9% for single-family homes and 8.6% for condominiums. Pending sales declined 3.8% for single-family homes but rose 3.8% for condos. Inventory continued to grow, with a 25.9% increase for single-family homes and a 30.0% increase for condominiums.

The median sales price fell 5.7% to $1,315,000 for single-family homes and 28.6% to $700,000 for condominiums. Days on market increased by 21.2% for single-family homes and 5.9% for condos. The months supply of inventory rose 42.1% for single-family homes and 57.6% for condominiums.

Heading into June, there were 1.54 million homes for sale nationwide—a 6.2% increase from the previous month and a 20.3% rise year-over-year—resulting in a 4.6-month supply at the current sales pace, according to NAR. Despite the added inventory, home prices continue to rise across the country, though at a slower pace than during the pandemic. As of the latest measure, the national median existing-home price rose 1.3% year-over-year to $422,800.

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