U.S. Existing-Home Sales Dip In July As Prices Hit Record
On Tuesday, August 11, 2026, the National Association of Realtors reported U.S. existing-home sales fell 1.7% in July to a 4.06 million annual rate.[1]
The U.S. median existing-home price in July was $434,100, up 2% from a year earlier and a record for July.[1] There were 1.54 million homes for sale at the end of July, equal to a 4.6-month supply and still below pre-pandemic inventory norms.[1] Freddie Mac's 30-year fixed mortgage rate recently rose to 6.69%, the highest in just over a year, making homebuying more costly for many prospective buyers.[1]
Home prices have now risen year-over-year for 37 consecutive months, even as sales remain near a 30-year low range. Tight inventory and higher borrowing costs are limiting options for buyers and keeping transaction volumes muted despite record prices.
Show source details & analysis (1 source)
📌 Key Facts
- On Tuesday, August 11, 2026, NAR reported July existing-home sales fell 1.7% from June to a 4.06 million annual rate.
- The U.S. median existing-home price in July 2026 was $434,100, up 2% from a year earlier and a record for July.
- There were 1.54 million homes for sale at the end of July, a 4.6-month supply and below pre-pandemic inventory norms.
- Freddie Mac data last week showed the 30-year fixed mortgage rate at 6.69%, the highest in just over a year.
- Home prices have risen year-over-year for 37 consecutive months, while sales remain near a 30-year low range.
📰 Source Timeline (1)
Follow how coverage of this story developed over time