US existing home sales jumped 4.2% MoM to 4.26 million SAAR in February, beating expectations of a 3.95 million SAAR.

• On an annual basis, sales are down -1.2% YoY after being up 2.0% YoY in January.
• The median existing-home sales price rose 3.8% YoY to $398,400, the 20th consecutive month of year-over-year price increases.
• The inventory of unsold existing homes climbed 5.1% MoM to 1.24 million at the end of February, or the equivalent of 3.5 months' supply at the current monthly sales pace, unchanged from January and up from 3.0 months’ a year ago.
• According to the monthly REALTORS Confidence Index, properties typically remained on the market for 42 days in February, up from 41 days in January and 38 days in February 2024.
• First-time buyers were responsible for 31% of sales in February, up from 28% in January 2025 and 26% in February 2024.