Existing Home Sales Tick Up Slightly, but Remain Near 6-Month Lows
By: Mortgage News Daily | Published: 2025-06-27 14:34:00 | Source: www.mortgagenewsdaily.com
Two months ago, existing home sales reached the highest levels in a year according to the National Association of Realtors. Last month’s report showed a noticeable dip to 5‑month lows. The latest data, released June 23, is more subdued.
Sales held near 6‑month lows in May, with a seasonally adjusted annual rate of 4.03 million—essentially unchanged from April with a modest 0.8% month‑over‑month increase, and still down 0.7% year‑over‑year
As has been and continues to be the case, zooming out on the same chart results in an entirely different impression of the home resale market. Sales levels have hovered near 75% of pre-pandemic norms for three years now.
“Home sales refuse to break out,” said NAR Chief Economist Lawrence Yun. “Inventory is up,…
