US existing home sales more or less steady in August
By Benjamin Chiou
Date: Thursday 25 Sep 2025
(Sharecast News) - Existing home sales in the United States remained virtually unchanged in August, according to data out on Thursday from the National Association of Realtors.
Sales were down 0.2% over the month at a seasonally adjusted annual rate of 4.0m in August, slipping from 4.01m in July but ahead of the 3.96m expected by analysts.
Compared with last August, existing home sales were 1.8% higher.
Inventory levels were down 1.3% month-on-month to 1.53m units, but were still 11.7% ahead of August 2024. That left the equivalent of a 4.6-month supply of unsold inventory, unchanged from the previous month.
"Home sales have been sluggish over the past few years due to elevated mortgage rates and limited inventory," said NAR chief economist Lawrence Yun.
"However, mortgage rates are declining and more inventory is coming to the market, which should boost sales in the coming months."
Yun said that the upper end of the market should be support by record levels of housing wealth, along with the US stock market currently trading at or close to all-time peaks. Sales of affordable homes, however, continue to be dampened by the lack of inventory.
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