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U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late last year, coupled with a recent uptick in inventory, helped existing-home sales to climb following last month’s decline, with
monthly gains reported in the Midwest, South, and West regions.

  • New Listings were up 23.7 percent to 365. Pending Sales increased 0.4 percent to 282.
  • Inventory grew 34.0 percent to 966 units.
  • Prices moved higher as Median Sales Price was up 7.2 percent to $274,500.
  • Days on Market increased 9.9 percent to 78 days.
  • Months Supply of Inventory was up 35.7 percent to 3.8 months, indicating that supply increased relative to demand.