Existing home sales during June reached a seasonally adjusted annual rate of 4.09 million, which was down by 2.4% month-over-month and up by 2.8% year-over-year, according to data from the National Association of Realtors (NAR).
A total of 1.56 million units were available for sale last month, down 0.6% from May and up 1.3% from June 2025. There was a 4.6-month supply of unsold inventory, up from 4.5 months in the prior month and unchanged from 4.6 months one year ago.
The median existing-home price for all housing types was $440,600, a 1.8% increase from one year ago ($432,700). This marked the 36th consecutive month of year-over-year price increases.
Regionally, only the Northeast recorded a month-over-month sales increase while the Midwest, South and West experienced declining activity. But the situation flipped on a year-over-year basis as 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.”
Yun added, “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. 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.”
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