Existing home sales decreased by 1.7% month-over-month and increased 0.7% year-over-year, according to data from the National Association of Realtors (NAR).
Month-over-month sales increased in the Northeast, held steady in the West, and declined in the Midwest and South. Year-over-year sales rose in the Midwest and West but were flat in the Northeast and South.
The median existing home price for all housing types was $434,100, a 2% rise from the $425,700 price set in July 2025. This marked the 37th consecutive month of year-over-year price increases. NAR’s Housing Affordability Index registered at 103.3, up from 98.3 a year ago, while year-over-year affordability improved across all regions.
“Home sales have been remarkably stable, even amid the rising mortgage rate environment of the past few months,” said NAR Chief Economist Lawrence Yun. “Year-to-date sales are up 2.4% and there’s no doubt that the housing market would be thriving if average mortgage rates were to return near 6%.”
“Though the national data shows stabilization, there are notable local market variations,” Yun added. “In smaller cities, and particularly in the Midwest, an annual household income of $60,000 would be sufficient to buy a median-priced home.”
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