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US Existing-Home Sales Slip 1.7% as Prices Rise

8/11/2026

42 8 Full Breakdown

Summary

Story summary

United States existing-home sales fell 1.7% month-over-month to a 4.06 million-unit annual rate in July 2026.
Median price rose 2.0% YoY to $434,100, raising the Housing Affordability Index to 103.3 from 98.3.
Single-family home sales jumped 11.8% week-over-week to 83,051 units for the week ending August 7, 2026.
Coldwell Banker Affiliates president Mary Lee Blaylock said buyers and sellers face a disconnect as market expectations shift.

History

Historical Context

The 2008 crisis peaked with Lehman Brothers’ September bankruptcy and the Housing and Economic Recovery Act of July 2008, which let the FHA guarantee up to $300 billion of mortgages as Fannie Mae and Freddie Mac neared collapse. In July 2026, home sales slipped 1.7% and the Housing Affordability Index rose to 103.3, prompting Coldwell Banker’s Mary Lee Blaylock to note a market disconnect.

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Story summary

United States existing-home sales fell 1.7% month-over-month to a 4.06 million-unit annual rate in July 2026.
Median price rose 2.0% YoY to $434,100, raising the Housing Affordability Index to 103.3 from 98.3.
Single-family home sales jumped 11.8% week-over-week to 83,051 units for the week ending August 7, 2026.
Coldwell Banker Affiliates president Mary Lee Blaylock said buyers and sellers face a disconnect as market expectations shift.

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