Existing Homes Sales Pace Expected to Slow in August. Remain Slightly Above Year-Ago Level

02:49 PM EDT, 09/24/2025 (MT Newswires) -- The National Association of Realtors' measure of US existing-home sales is expected to slow to a 3.96 million annual rate in August, based on a survey compiled by Bloomberg, after rising by 2% to a 4.01 million rate in July.

Existing-home sales were at a 3.93 million rate in August 2024, so the year-over-year change would be only slightly positive.

The data are scheduled to be released at 10:00 am ET Thursday.

The pending home sales index, also produced by the NAR, fell by 0.4% in July but was up 0.7% from year ago. That measure is taken at contract signing and is meant to foreshadow movements in existing homes closings a month or two out.

The median sales price was 0.2% above its year-ago level in July.

Recent mortgage application data from the Mortgage Bankers Association indicated that mortgage rates rose in early-August but fell in the second half of the month.

Single-family new home sales surged by 20.5% in August to an 800,000 annual rate, according to data released on Wednesday, while new home supply declined and the median sales price jumped. The pace of sales was the strongest since January 2022.

Home building data for August released on Sept. 17 showed declines in both building permits and housing starts, but an increase in home completions.

The National Association of Home Builders reported on Sept. 16 that builder sentiment fell in August but was unchanged in September due to continued affordability challenges.

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