| Consensus | Consensus Range | Actual | Previous | Revised | |
| Annual Rate | 4.200M | 4.070M to 4.240M | 4.09M | 4.17M | 4.19M |
| Month over Month | -2.4% | 3.2% | 3.7% | ||
| Year over Year | 2.8% | 3.2% |
Highlights
U.S. existing home sales slowed down in June, following a slight upward revision to May’s already tepid reading, as affordability issues continue – with demand especially sensitive to mortgage rate fluctuations. The months’ supply of existing homes for sale has barely improved over the last three months and has stalled compared to the same month a year ago.
Month-over-month sales increased in the Northeast, and declined in the Midwest, South and West. Year-over-year sales rose in the Midwest, South and West and were flat in the Northeast.
Sales of existing homes fell 2.4 percent to 4.09 million in June from 4.19 million in May (revised up from 4.17 million). Expectations in the Econoday survey of forecasters was for a 4.2 million annual rate. June’s rate is 2.8 percent better compared to June 2025 (3.98 million).
Sales of single-family houses in June were at a 3.73 million annual rate, falling off the pace from the revised 3.82 million reported for May (previously 3.8 million).
June’s single-family home sales rate is 2.4 percent weaker than May, but 3.3 percent above the June 2025 rate of 3.61 million.
“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,” the NAR said. “[P]rogress on long-term housing affordability could be hampered if inventory growth continues to stall.”
The median sales price of existing houses sold in June was $440,600 compared to $431,200 in May, and $432,700 in June 2025. The median sales price of single-family homes was $446,400 in June compared to $438,600 a year ago.
The inventory of new houses for sale dipped slightly from 1.57 million at the end of May to 1.56 million at the end of June. The months’ supply was 4.6 months in June, compared to 4.5 months in May at the current sales rate. Inventory was at 4.6 months of supply in June 2025.
Market Consensus Before Announcement
Affordability trouble is keeping sales stable at relatively low levels. Forecasters see sales nearly flat at 4.20 million in June versus 4.17 million in May.
Definition
Existing home sales tally the number of previously constructed homes, condominiums and co-ops in which a sale closed during the month. Existing homes (also known as home resales) account for a larger share of the market than new homes and indicate housing market trends.
Description
This provides a gauge of not only the demand for housing, but the economic momentum. People have to be feeling pretty comfortable and confident in their own financial position to buy a house. Furthermore, this narrow piece of data has a powerful multiplier effect through the economy, and therefore across the markets and your investments. By tracking economic data such as home resales, investors can gain specific investment ideas as well as broad guidance for managing a portfolio.
Even though home resales don't always create new output, once the home is sold, it generates revenues for the realtor. It brings a myriad of consumption opportunities for the buyer.
Refrigerators, washers, dryers and furniture are just a few items home buyers might purchase. The economic"ripple effect" can be substantial especially when you think a hundred thousand new households around the country are doing this every month. Since the economic backdrop is the most pervasive influence on financial markets, home resales have a direct bearing on stocks, bonds and commodities. In a more specific sense, trends in the existing home sales data carry valuable clues for the stocks of home builders, mortgage lenders and home furnishings companies.
