Existing Home Sales in the United States decreased to 4000 Thousand in April from 4020 Thousand in March of 2025. This dataset provides the latest reported value for - United States Existing Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

Graph and download economic data for Existing Home Sales (EXHOSLUSM495S) from Apr 2024 to Apr 2025 about headline figure, sales, housing, and USA.

United States Existing Home Sales: US data was reported at 420,000.000 Unit in Sep 2018. This records a decrease from the previous number of 539,000.000 Unit for Aug 2018. United States Existing Home Sales: US data is updated monthly, averaging 436,000.000 Unit from Jan 1999 (Median) to Sep 2018, with 237 observations. The data reached an all-time high of 753,000.000 Unit in Jun 2005 and a record low of 218,000.000 Unit in Jan 2009. United States Existing Home Sales: US data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB005: Existing Home Sales.

Single Family Home Prices in the United States increased to 414000 USD in April from 403700 USD in March of 2025. This dataset provides - United States Existing Single Family Home Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of home sales in the United States peaked in 2021 at almost seven million after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to 4.8 million. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

United States Existing Home Sales: Inventory data was reported at 1,850,000.000 Unit in Oct 2018. This records a decrease from the previous number of 1,880,000.000 Unit for Sep 2018. United States Existing Home Sales: Inventory data is updated monthly, averaging 2,280,000.000 Unit from Jan 1999 (Median) to Oct 2018, with 238 observations. The data reached an all-time high of 4,040,000.000 Unit in Jul 2007 and a record low of 1,460,000.000 Unit in Dec 2017. United States Existing Home Sales: Inventory data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s United States – Table US.EB005: Existing Home Sales.

New Home Sales in the United States increased to 743 Thousand units in April from 670 Thousand units in March of 2025. This dataset provides the latest reported value for - United States New Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Existing Home Sales MoM in the United States decreased by 0.50 percent in April from -5.90 percent in March of 2025. This dataset includes a chart with historical data for the United States Existing Home Sales MoM.

Graph and download economic data for Existing Home Sales: Housing Inventory (HOSINVUSM495N) from Apr 2024 to Apr 2025 about inventories, sales, housing, and USA.

United States Existing Home Sales: Months Supply data was reported at 4.400 Month in Sep 2018. This records an increase from the previous number of 4.300 Month for Aug 2018. United States Existing Home Sales: Months Supply data is updated monthly, averaging 4.900 Month from Jan 1999 (Median) to Sep 2018, with 237 observations. The data reached an all-time high of 12.400 Month in Jul 2010 and a record low of 3.200 Month in Dec 2017. United States Existing Home Sales: Months Supply data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB005: Existing Home Sales.

Graph and download economic data for Median Sales Price of Existing Homes (HOSMEDUSM052N) from Mar 2024 to Mar 2025 about sales, median, housing, and USA.

The U.S. housing market continues to evolve, with the median home price forecast to reach 426,000 U.S. dollars by the second quarter of 2026. This projection comes after a period of significant growth and recent fluctuations, reflecting the complex interplay of economic factors affecting the real estate sector. The rising costs have not only impacted home prices, but also down payments, with the median down payment more than doubling since 2012. Regional variations in housing costs Home prices and down payments vary dramatically across the United States. While the national median down payment stood at approximately 26,700 U.S. dollars in early 2024, homebuyers in states like California, Massachusetts, and Hawaii faced down payments exceeding 74,000 U.S. dollars. This disparity highlights the challenges of homeownership in high-cost markets and underscores the importance of location in determining housing affordability. Market dynamics and future outlook The housing market has shown signs of cooling after years of rapid growth, with more modest price increases of 4.8 percent in 2022 and 6.5 percent in 2023. This slowdown can be attributed in part to rising mortgage rates, which have tempered demand. Despite these challenges, most states continued to see year-over-year price growth in the fourth quarter of 2023, with Rhode Island and Vermont leading the pack at over 13 percent appreciation. As the market adjusts to new economic realities, potential homebuyers and investors alike will be watching closely for signs of stabilization or renewed growth in the coming years.

United States Median Existing Home Price: Northeast data was reported at 280,900.000 USD in Oct 2018. This records a decrease from the previous number of 286,200.000 USD for Sep 2018. United States Median Existing Home Price: Northeast data is updated monthly, averaging 244,950.000 USD from Jan 1999 (Median) to Oct 2018, with 238 observations. The data reached an all-time high of 308,900.000 USD in Jul 2018 and a record low of 137,000.000 USD in Jan 2000. United States Median Existing Home Price: Northeast data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s United States – Table US.EB005: Existing Home Sales.

United States - Existing Home Sales: Months Supply was 4.00000 Months' Supply in March of 2025, according to the United States Federal Reserve. Historically, United States - Existing Home Sales: Months Supply reached a record high of 5.70000 in July of 2014 and a record low of 1.60000 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Existing Home Sales: Months Supply - last updated from the United States Federal Reserve on June of 2025.

The U.S. housing market has seen significant price growth since 2011, with the median sales price of existing single-family homes reaching a record high of 408,000 U.S. dollars in 2024. This represents a substantial increase of 133,000 over the past five years, highlighting the rapid appreciation of home values across the country. The trend of rising prices can also be observed in the new homes sold. Regional variations and housing shortage While the national median price provides a broad overview, regional differences in home prices are notable. The West remains the most expensive region, with prices twice higher than in the more affordable Midwest. This disparity persists despite efforts to increase housing supply. In 2024, approximately 982,000 building permits for single-family housing units were granted, showing a slight increase from previous years but still well below the 2005 peak of 1.68 million permits. The ongoing housing shortage continues to drive prices upward across all regions. Market dynamics and future outlook The number of existing home sales has plummeted since 2020, reflecting the growing cost of homeownership. Factors such as high home prices, unfavorable economic conditions, and aggressive increases in mortgage rates have contributed to affordability challenges for many potential homebuyers. Despite these challenges, forecasts suggest a potential recovery in the housing market by 2025, though transaction volumes are expected to remain below long-term averages.

Existing Home Sales: sa: Annual Rate: US data was reported at 5,380,000.000 Unit in Jun 2018. This records a decrease from the previous number of 5,410,000.000 Unit for May 2018. Existing Home Sales: sa: Annual Rate: US data is updated monthly, averaging 5,250,000.000 Unit from Jan 1999 (Median) to Jun 2018, with 234 observations. The data reached an all-time high of 7,250,000.000 Unit in Sep 2005 and a record low of 3,300,000.000 Unit in Jul 2010. Existing Home Sales: sa: Annual Rate: US data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB005: Existing Home Sales.

United States Existing Home Sales: sa: Annual Rate: Single Family data was reported at 4,760,000.000 Unit in Jun 2018. This records a decrease from the previous number of 4,790,000.000 Unit for May 2018. United States Existing Home Sales: sa: Annual Rate: Single Family data is updated monthly, averaging 3,630,000.000 Unit from Jan 1968 (Median) to Jun 2018, with 606 observations. The data reached an all-time high of 6,340,000.000 Unit in Sep 2005 and a record low of 1,370,000.000 Unit in Mar 1970. United States Existing Home Sales: sa: Annual Rate: Single Family data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB005: Existing Home Sales.

Graph and download economic data for Existing Home Sales: Months Supply (HOSSUPUSM673N) from Apr 2024 to Apr 2025 about supplies, sales, housing, and USA.

The number of pending home sales in the U.S. declined dramatically in the fourth quarter of 2021. In March 2024, the pending home sales index stood at 78.2 index points, just 8.2 index points above its lowest value recorded in April 2020 when the COVID-19 pandemic struck. The slowdown in buying activity was triggered by the aggressive mortgage interest rates hikes in response to the rising inflation. As it takes around four to eight weeks to finalize a home sale in the United States, the Pending Home Sales Index (PHSI) index is seen as a measure of consumer sentiment on buying a house and essentially provides an early outlook on what the actual sales of existing homes in the country might potentially look like.