Existing-home sales rose by 0.8% in May, with median price increase, potentially attracting more buyers and sellers.

From GlobeNewswire: 2025-06-23 10:00:00

In May, existing-home sales rose by 0.8% with a seasonally adjusted annual rate of 4.03 million, marking a 0.7% decrease year-over-year. The median existing-home sales price increased by 1.3% to $422,800. Sales increased in the Northeast, Midwest, and South, but decreased in the West. The housing market is experiencing subdued sales due to high mortgage rates, but lower rates may attract more buyers and sellers, leading to increased economic growth. The National Association of Realtors® provides valuable insights for real estate professionals to serve their clients effectively and navigate the market. Existing-home sales, including single-family, townhomes, condos, and co-ops, are based on transaction closings from MLSs. Changes in sales trends outside of MLSs are not captured. The annual rate for a particular month represents what total sales for a year would be if the relative pace for that month were maintained for 12 months. Single-family data collection began monthly in 1968, while condo data collection began quarterly in 1981. Total inventory and month’s supply data are available back through 1999. The median price is where half sold for more and half sold for less, with medians more typical of market conditions than averages. Distressed sales, days on market, first-time buyers, all-cash transactions, and investors data are from the monthly REALTORS® Confidence Index survey.



Read more at GlobeNewswire: NAR Existing-Home Sales Report Shows 0.8% Increase in May