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by Calculated Danger on 9/25/2025 10:00:00 AM
From the NAR: NAR Current-Residence Gross sales Report Reveals 0.2% Lower in August
• 0.2% lower in whole existing-home sales1 month-over-month to a seasonally adjusted annual price of 4.0 million.
• 1.8% enhance in gross sales year-over-year.
• 1.53 million models: Whole housing stock, down 1.3% from July and up 11.7% from August 2024 (1.37 million).
• 4.6-month provide of unsold stock, no change from July and up from 4.2 months in August 2024.
• $422,600: Median existing-home price3 for all housing varieties, up 2.0% from one yr in the past ($414,200) – the twenty sixth consecutive month of year-over-year worth will increase.
emphasis added
Click on on graph for bigger picture.
This graph reveals current residence gross sales, on a Seasonally Adjusted Annual Charge (SAAR) foundation since 1994.
Gross sales in August (4.00 million SAAR) have been down 0.2% from the earlier month and have been up 1.8% in comparison with the August 2024 gross sales price.
In response to the NAR, stock decreased to 1.53 million in August from 1.55 million the earlier month.
The final graph reveals the year-over-year (YoY) change in reported current residence stock and months-of-supply. Since stock isn’t seasonally adjusted, it actually helps to take a look at the YoY change. Notice: Months-of-supply relies on the seasonally adjusted gross sales and never seasonally adjusted stock.
Stock was up 11.7% year-over-year (blue) in August in comparison with August 2024.
Months of provide (purple) was unchanged at 4.6 months in August from 4.6 months the earlier month.
I am going to have extra later.
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