-4.9%
Existing-home sales fell 4.9% month-over-month to a seasonally adjusted rate of 4.08 million in January 2025. Year-over-year, sales improved 2.0%.
According to NAR Chief Economist Lawrence Yun, "Mortgage rates have refused to budge for several months despite multiple rounds of short-term interest rate cuts by the Federal Reserve. When combined with elevated home prices, housing affordability remains a major challenge."
The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
Existing-Home Sales for February 2025 will be released on Thursday, March 20, 2025 at 10:00 a.m. Eastern.
Existing Home Sales data are provided by NAR solely for use as a reference. No part of this data may be reproduced, stored in a retrieval system, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without NAR's prior written consent for those who are not members of NAR.
Members of the media who need copies of previous months' existing-home sales news releases can contact the NAR media communications team at 202-383-7515.
Citation guidelines for NAR research and statistics
Existing-Home Sales for February 2025 will be released on Thursday, March 20, 2025 at 10:00 a.m. Eastern.
NAR Media Communications issues a news release close to mid-month with the latest existing-home sales figures. The releases include analysis and quotes by NAR's Chief Economist Lawrence Yun regarding the sales volume, prices, inventory and interest rates.
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