US Existing-Home Sales Climb 5.1% in December

On Wednesday, the National Association of Realtors (NAR) reported that total existing-home sales—completed transactions for single-family homes, townhomes, condominiums, and co-ops—rose 5.1% in December 2025 to a seasonally adjusted annual rate of 4.35 million. Year-over-year, sales were down 1.4%.

Existing-home sales increased across all four regions. Compared with a year earlier, sales rose in the South, were flat in the Midwest and West, and declined in the Northeast.

Total housing inventory at the end of December stood at 1.18 million units, down 18.1% from November but up 3.5% from December 2024, when inventory totaled 1.14 million units. At the current sales pace, unsold inventory represented a 3.3-month supply, down from 4.2 months in November but slightly above the 3.2-month supply recorded a year earlier.

The median existing-home price for all housing types was $405,400 in December, up 0.4% from $403,700 a year earlier. This marked the 30th consecutive month of annual price increases.