What did existing home sales look like in July 2026?

Existing home sales rose 0.7% year-over-year in July, despite a 1.7% monthly decline nationwide. Median home prices increased for the 37th consecutive month, reaching $434,100, while housing affordability improved across all regions. Total homes for sale decreased slightly to 1.54 million. Mortgage rates averaged 6.69%, up slightly from the previous week and year. Regional sales changes varied, with the Northeast up 2%, the West stable, the Midwest down 2%, and the South down 3.1%.