NAR Existing-Home Sales Report Shows 2.4% Decrease in June

MARKET CONDITIONSEXISTING-HOME SALES

National Association of REALTORS®

7/9/20264 min read

NAR Existing-Home Sales Report Shows 2.4% Decrease in June

National Association of REALTORS®, Media Relations | July 9, 2026

Month-Over-Month

2.4% decrease in existing-home sales—seasonally adjusted annual rate of 4.09 million in June
0.6% decrease in unsold inventory—1.56 million units equal to 4.6 months’ supply

Year-Over-Year

2.8% increase in existing-home sales
1.8% increase in median existing-home sales price to $440,600

WASHINGTON (July 9, 2026) – 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 sales 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 inventory, 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 price 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 and Condo/Co-op Sales

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 sales (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.

Existing-home sales, which include single-family, townhomes, condominiums and co-ops, are based on transaction closings from Multiple Listing Services. Changes in sales trends outside of MLSs are not captured in the monthly series. NAR benchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.

Existing-home sales, based on closings, differ from the U.S. Census Bureau’s series on new single-family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not uncommon for each series to move in different directions in the same month. In addition, existing-home sales, which account for more than 90% of total home sales, are based on a much larger data sample – about 40% of multiple listing service data each month – and typically are not subject to large prior-month revisions.

The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume is normally higher in the summer than in the winter, primarily because of differences in the weather and family buying patterns. However, seasonal factors cannot compensate for abnormal weather patterns.

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