US existing-home sales rose +2.0% MoM in July 2025 to a SAAR of 4.01 million (vs 3.92 million expected), and were up +0.8% YoY, supported by easing mortgage rates and improving affordability.

• Total housing inventory reached 1.55 million units, up +0.6% MoM and +15.7% YoY; months’ supply stood at 4.6, slightly below June (4.7) but above July 2024 (4.0).

• The median existing-home price was $422,400, up +0.2% YoY, marking the 25th straight annual increase, though price growth remains subdued.

• Single-family home sales increased +2.0% MoM to 3.64 million SAAR (+1.1% YoY), with the median price at $428,500 (+0.3% YoY).

• Condo/co-op sales rose +2.8% MoM to 370,000 units but fell -2.6% YoY; the median price declined -1.2% YoY to $362,600.

• Regionally, sales rose in the Northeast (+8.7% MoM, +2.0% YoY), South (+2.2% MoM, +2.2% YoY), and West (+1.4% MoM, -4.0% YoY), while the Midwest saw a -1.1% MoM decline but was up +1.1% YoY.