A sign sold was offered for sale on August 27, 2025 in San Francisco, California.
Justin Sullivan | Getty pictures
The turnover of previously owned houses was essentially flat in August, which, according to the National Association of Realtors, was given seasonal and innuelle basis in 4 million units. This is a decline of 0.2% compared to July and an increase of 1.8% compared to August last year. The turnover was strongest in the middle west and the weakest in the northeast.
This count is based on closings, so that the people who sign their business in June and July were about 50 basis points higher than today. The prices began to fall strongly at the beginning of September, which would not go into these figures.
The upper end of the market moves better than the lower end. The turnover of houses over 1 million US dollars has increased by 8% of the top performers compared to the previous year. The turnover of houses that have a price of less than $ 100,000 fell by more than 10%compared to the previous year.
“Record height of living assets and a record stock market will currently help the current homeowners to exchange the upper end of the market and benefit.
The middle west was the best region in August, said Nar and found affordable market conditions. In the report, the middle western real estate prices were 22% below the national middle price, the report says.
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The offer currently seems to change the most on the real estate market. After a fairly large advance at the beginning of this year, the offer fell by 1.3% last month from July, although it rose by 11.7% compared to the previous year. That was the first monthly decline since the beginning of this year.
Seller who see weaker prices and higher mortgage interests choose from the market or decide to wait longer before they are even listed. In August there was a 4.6-month supply of houses for sale, which is considered slim.
The weaker offer keeps prices in a positive area. The median prize of an existing home sold in August was $ 422,600, an increase of 2% compared to the previous year and the 26th month as a result of the annual pricing.
Houses stay on the market for longer and achieve an average of 31 days in August, compared to 26 in August 2024. The proportion of first buyers is historically low with 28%, and allcash buyers are still king with 28% of the sales, compared to 26% in the previous year.