Early Read on Existing Home Sales in July

by Calculated Risk on 8/15/2025 03:10:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in July

A brief excerpt:

From housing economist Tom Lawler:

Early Read on Existing Home Sales in July

Based on publicly available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.92 million in July, down 0.3% from June’s preliminary pace and down 1.5% from last July’s seasonally adjusted pace.

Local realtor/MLS reports suggest that the median existing single-family home sales price last month was up by about 2.1% from a year earlier. By broad region, the YOY % increase in median sales prices in the Northeast and Midwest should be a bit over 5%, while median sales prices in both the South and the West should be little changed from a year ago.

CR Note: The NAR is scheduled to release July Existing Home sales on Thursday, August 21st at 10:00 AM. The consensus is for 3.92 million SAAR, down from 3.93 million last month. Last year, the NAR reported sales in July 2024 at 3.98 million SAAR.

There is also an update on Mortgage/MBS Yields and Spreads in the article.