Economic Buzz: US existing home sales up 1.8% on year in Aug-25

Existing-home sales in the US remained essentially the same in August, ticking down by 0.2% from July, according to the National Association of REALTORS. Month-over-month sales increased in the Midwest and West, and fell in the Northeast and South. Year-over-year, sales rose in the Midwest and South, and fell in the Northeast and West. NAR data showed that total existing home sales for August saw 0.2% decrease to a seasonally adjusted annual rate of 4.0 million. However, sales marked a 1.8% increase in sales year-over-year. The housing inventory at the end of August totaled 1.53 million units, down 1.3% from 1.55 million units in July but up 11.7% from 1.37 million units a year ago. The unsold inventory represents 4.6 months of supply at the current sales pace, unchanged from July and up from 4.2 months in August 2024.

Powered by Commodity Insights