August Market Report

U.S. existing-home sales rose 2.0% month-over-month and 0.8% year-over-year to a seasonally adjusted annual rate of 4.01 million units, according to the National Association of REALTORS® (NAR). Economists polled by Reuters had forecast a rate of 3.92 million units. Regionally, sales increased on a monthly basis in the West, South, and Northeast, but declined in the Midwest.

New Listings increased 11.3 percent to 207. Pending Sales increased 17.3 percent to 163. Inventory increased 14.2 percent to 757.

Median Sales Price increased 14.2 percent from $248,500 to $283,750. Days on Market decreased 6.8 percent to 69. Months Supply of Inventory increased 9.5 percent to 6.9.

Nationally, 1.55 million units were listed for sale heading into August, up 0.6% from the previous month and 15.7% higher than the same time last year, representing a 4.6-month supply at the current sales pace, according to NAR. Inventory is now at its highest level since May 2020, a shift that has helped slow price growth in many markets. As a result, the national median existing-home sales price edged up just 0.2% year-over-year to $422,400.

Curious about the current value of your home? Don’t hesitate to reach out to a member of the Kira Witherwax Team at RE/MAX North Country.

To view the full Market Report for August download the link below.

ACVMLS-August 2025- SEPTEMBER Release.pdf

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