US existing-home sales fell -2.7% MoM in June 2025 to a seasonally adjusted annual rate (SAAR) of 3.93 million units, with no change YoY, as high mortgage rates and limited affordability continued to constrain activity.

• Total housing inventory slipped -0.6% MoM to 1.53 million units, but was up +15.9% YoY; months’ supply edged up to 4.7 from 4.6 in May.
• The median existing-home price hit a record $435,300 in June, up +2.0% YoY, marking the 24th straight month of annual price gains.
• Single-family home sales declined -3.0% MoM to 3.57 million units SAAR (+0.6% YoY), while condo/co-op sales were flat MoM and down -5.3% YoY.
• Regionally, sales fell MoM in the Northeast (-8.0%), Midwest (-4.0%), and South (-2.2%) but rose in the West (+1.4%); YoY sales were down in the Northeast and West but up in the Midwest and South.
• First-time buyers accounted for 30% of purchases (unchanged MoM, up from 29% YoY); cash buyers made up 29% of sales, and investor activity fell to 14%, the lowest since Sept. 2022.