Existing-home sales drop below 4 million as supply hits decade high
Sales fell 2% in August to a seasonally adjusted annual rate of 3.98 million — the first time below 4 million since June 2025 — even as prices continued rising and supply reached a decade high, the National Association of Realtors says.
U.S. existing-home sales fell 2% in August to a seasonally adjusted annual rate of 3.98 million, the first time sales have been under 4 million since June 2025. The National Association of Realtors reports that supply has climbed to a decade high while prices continued to rise.