housing

Existing-Home Sales Sink as Supply Hits a Decade High

Published September 17, 20264 min read

Suburban street at golden hour with a blank yard sign, empty driveway, and distant lumber stacks — With supply at a decade high and sales slowing, the housing market is tilting toward buyers. Illustration: MarketIntelLabs

Existing-home sales fell to a seasonally adjusted annual rate of 3.98 million in August, down 2.0 percent from July and 1.2 percent from August 2025, according to the National Association of Realtors report released September 10. That is the slowest pace since June 2025 and the third straight monthly decline. At the same time, unsold inventory climbed to 1.62 million units , which works out to 4.9 months of supply at the current sales pace, the highest reading in more than ten years.

Key Takeaways August existing-home sales ran at a 3.98 million annual rate, down 2.0 percent month over month and 1.2 percent year over year, the first sub-4.0 million month since June 2025. Inventory reached 1.6…

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