NAR Media Relations

Pending home sales in January decreased by 0.8% from the prior month and 0.4% year-over-year. #NARPHS nar.realtor/newsroom/nar-pen…

Existing-home sales decreased by 8.4% in January. Month-over-month and year-over-year sales fell in all regions. #NAREHS nar.realtor/newsroom/nar-exi…

5 large markets with the biggest YoY median price increases 1. Mobile, AL (+13.7%) 2. Canton-Massillon, OH (+9.8%) 3. Nassau County-Suffolk County, NY (+9.6%) 4. Montgomery, AL (+9.4%) 5. St. Louis, MO-IL (+9.1%)

“Inventory levels remain tight,” Yun added. “With fewer sellers feeling eager to move, homeowners are taking their time deciding when to list or delist their homes. Similar to past years, more inventory is expected to come to market beginning in February.” #NAREHS

Home prices rose in 77% of metro markets during the Q3 of 2025. This is up from 75% in the second quarter. The national median single-family existing-home price grew 1.7% year over year to $426,800. nar.realtor/newsroom/home-pr…

The share of first-time home buyers dropped to a record low of 21%, while the typical age of first-time buyers climbed to an all-time high of 40 years, according to the National Association of REALTORS®' 2025 Profile of Home Buyers and Sellers. nar.realtor/newsroom/first-t…

Median existing single-family home price by region (year-over-year change) Northeast: $527,200 (+6.1%) Midwest: $328,800 (+3.5%) West: $646,100 (+0.6%) South: $376,300 (No change)

The national median single-family existing-home price grew 1.7% year-over-year to $429,400 – a record high. In the first quarter, the national median price increased 3.4% year-over-year.

75% of metro markets (170 out of 228) registered home price gains in the second quarter of 2025, according to NAR's Metropolitan Median Area Prices and Affordability and Housing Affordability Index. nar.realtor/newsroom/three-o…

First-time buyers were responsible for 30% of sales in June; Individual investors purchased 14% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 3% of sales; Properties typically remained on the market for 27 days. #NAREHS

“High mortgage rates are causing home sales to remain at cyclical lows. If the average rates were to decline to 6%, our analysis suggests an additional 160K renters becoming first-time homeowners and elevated sales activity from existing owners,” Dr. Yun continued. #NAREHS

Existing-home sales decreased by 2.7% in June. Sales declined in the Northeast, Midwest and South and rose modestly in the West. Year-over-year, sales fell in the Northeast and West, while rising in the Midwest and South. #NAREHS nar.realtor/newsroom/nar-exi…

“The Northeast’s housing shortage is boosting prices, with more than 1/4 of homes selling above list price. More inventory in South gives buyers more negotiation power. Price declines in South should be considered temporary given the region’s strong job creation.” - Yun #NARPHS

Year-over-year, contract signings rose in the Midwest and South, while they fell in the Northeast and West. #NARPHS

“Consistent job gains and rising wages are modestly helping the housing market,” said Lawrence Yun. “Wages are increasing faster than home prices. However, mortgage rate fluctuations are primary driver of homebuying decisions & impact affordability more than wage gains.” #NARPHS

The Pending Home Sales Index (PHSI) increased 1.8% to 72.6 in May. Year-over-year, pending transactions improved 1.1%. #NARPHS