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U.S. Home Sales Surge 2% Amid Rising Inventory

8/22/2025

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Summary

Story summary

Existing-home sales in the U.S. rose 2.0% in July, reaching an annual rate of 4.01 million units.
Improved affordability and increased inventory contributed to this growth, with the median home price at $422,400.
Inventory levels reached 1.55 million units, the highest since May 2020, offering buyers more choices.
Distressed sales represented only 2% of transactions, reflecting market stability.

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Story summary

Existing-home sales in the U.S. rose 2.0% in July, reaching an annual rate of 4.01 million units.
Improved affordability and increased inventory contributed to this growth, with the median home price at $422,400.
Inventory levels reached 1.55 million units, the highest since May 2020, offering buyers more choices.
Distressed sales represented only 2% of transactions, reflecting market stability.