Existing-home sales alleviated in June after reaching a six-month high in May, as modest changes in mortgage rates continued to influence purchaser activity. According to the National Association of REALTORS ®, sales fell 2.4% from May to a seasonally changed annual rate of 4.09 million, though they stayed 2.8% above their level from a year previously.
“The back-and-forth in month-to-month home sales activity, driven by moderate variations in home loan rates, shows how sensitive home buyers are to price conditions,” said NAR Chief Economic expert Lawrence Yun. He added that continued job development ought to assist support housing need despite continuous affordability challenges.
Real estate inventory changed bit throughout the month, recommending that supply gains might be losing momentum. Total inventory slipped to 1.56 million units, down 0.6% from Might but 1.3% higher than a year back. At the present sales speed, unsold inventory represented a 4.6-month supply, up a little from Might and the same from one year earlier.
Home rates continued to climb up in spite of softer sales activity. The mean existing-home rate rose to a brand-new record of $440,600, up 1.8% from June 2025 and marking the 36th consecutive month of yearly price gratitude.
Cost improved compared to a year earlier, as wage development continued to surpass home-price gains. The Housing Price Index increased to 102.3, up from 95.5 a year earlier. Yun warned, nevertheless, that slowing stock growth could ultimately put restored upward pressure on home costs if extra supply stops working to reach the marketplace.
Regional Breakdown (Sales and Costs, June 2026)
| Area | Sales (yearly rate) | Mommy Modification | Average Price | YoY Modification |
|---|---|---|---|---|
| Northeast | 480k | +2.1% | $564,800 | +3.9% |
| Midwest | 980k | -3.0% | $346,600 | +2.7% |
| South | 1.89 m | -3.6% | $377,700 | +0.9% |
| West | 740k | -1.3% | $633,600 | +0.9% |
National Market Stats
- Overall Housing Inventory: 1.56 million units (down 0.6% from May; up 1.3% YoY)
- Unsold Stock Supply: 4.6 months (up from 4.5 months in May; unchanged from one year ago)
- Mean Existing-Home Rate: $440,600 (up 1.8% YoY; 36th consecutive annual boost)
- Housing Price Index: 102.3 (up from 95.5 one year ago)
- Single-Family Sales: 3.73 million (down 2.4% MOMMY; up 3.3% YoY)
- Single-Family Mean Rate: $446,400 (up 1.8% YoY)
- Condo/Co-op Sales: 360k (down 2.7% MOTHER; down 2.7% YoY)
- Condo/Co-op Mean Rate: $380,000 (up 1.6% YoY)