U.S. Existing-Home Sales Fall 2.7% in June to Multi-Month Low

📌 Key Takeaways

• U.S. existing-home sales dropped 2.7% to 3.93M units in June 2025, missing expectations
• Median home price hit $435,300, the highest June ever recorded
• Single-family home sales fell 3%, condos/co-ops stable
• Sales fell across most regions, except the West
• June pace marks lowest level since September 2024

📉 June Housing Market Snapshot

🏠 June Decline in U.S. Existing-Home Sales

U.S. existing-home sales fell 2.7% to a 3.93 million annualized rate in June 2025, falling short of the 4.01 million expected pace and marking the lowest level since September 2024. The drop reflects some cooling demand in the housing market, likely driven by affordability challenges and economic uncertainty.

💰 Record-High Median Prices

Despite lower sales volume, the median home price reached a record-breaking $435,300 in June, marking the 24th consecutive month of year-over-year gains. Prices have climbed steadily, putting pressure on buyers across income levels.

Read More: US Jobs Report in June Beats Expectations

🏘️ Breakdown by Home Type & Region

• Single-family home sales dropped 3% to 3.57 million units
• Condominiums and co-ops remained flat at 360,000 units
• Regional performance:
  • Northeast: –8%
  • Midwest: –4%
  • South: –2.2%
  • West: +1.4%, the only region to see gains

📊 What It Means for Buyers & Sellers

• 🏘️ Lower sales volumes suggest buyers are hesitant amid high prices and interest rates
• 📈 Record prices add affordability pressure for first-time buyers
• 🌍 Regional trends show strength in the West, while other areas soften

The cooling in U.S. existing-home sales suggests a shifting housing landscape. Are you seeing signs of relief or continued hiking prices? Share your experiences, and explore more housing trend insights here.

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