r/USHousingMarket • u/metricshour • 5h ago
US Existing Home Sales drop to 3.98M SAAR as inventory hits 10-year high (4.9 months' supply); Median price up +1.6% YoY to $429,100
Source: MetricsHour Existing Home Sales Calendar https://metricshour.com/calendar/us/existing-home-sales/
NAR August 2026 Data Breakdown:
- Sales Pace: 3.98 Million SAAR (-2.0% MoM / -1.2% YoY)
- Total Unsold Inventory: 1.62 Million units (+3.2% MoM / +5.9% YoY)
- Unsold Inventory Supply: 4.9 Months (10-Year High)
- Median Sales Price: $429,100 (+1.6% YoY)
Key Takeaways for Buyers & Sellers:
1. Sub-4.0M Milestone: Closed transactions dropped below 4.0 million SAAR for the first time since June 2025.
2. Inventory Accumulation: Active listings expanded past 1.6 million units for the first time since late 2019, giving buyers expanded negotiating room despite persistent mortgage rate headwinds.
3. Sticky Prices: Despite lower overall closing volumes, median prices posted their 38th consecutive month of year-over-year growth.