NAR Media Relations
@NARMedia
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The latest real estate news and updates from the media team at the National Association of REALTORS®. Have a press inquiry? Email us at [email protected].
Washington, DC
Joined March 2014
Home prices rose in 77% of metro markets during the Q3 of 2025. This is up from 75% in the second quarter. The national median single-family existing-home price grew 1.7% year over year to $426,800. https://t.co/hIqTghO6vn
nar.realtor
Four percent of the 230 tracked metro areas recorded double-digit price gains in Q3 2025, down slightly from 5% in Q2 2025.
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Home prices rose in 77% of metro markets (176 out of 230) during the third quarter of 2025. Four percent of metro areas recorded double-digit price gains in the third quarter, down slightly from 5% in the second quarter.
nar.realtor
Four percent of the 230 tracked metro areas recorded double-digit price gains in Q3 2025, down slightly from 5% in Q2 2025.
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The share of first-time home buyers dropped to a record low of 21%, while the typical age of first-time buyers climbed to an all-time high of 40 years, according to the National Association of REALTORS®' 2025 Profile of Home Buyers and Sellers. https://t.co/juBP7abz5t
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The share of first-time home buyers dropped to a record low of 21%, while the typical age of first-time buyers climbed to an all-time high of 40 years, according to NAR's 2025 Profile of Home Buyers and Sellers.
nar.realtor
The historically low share of first-time buyers underscores the real-world consequences of a housing market starved for affordable inventory.
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Median existing single-family home price by region (year-over-year change) Northeast: $527,200 (+6.1%) Midwest: $328,800 (+3.5%) West: $646,100 (+0.6%) South: $376,300 (No change)
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The national median single-family existing-home price grew 1.7% year-over-year to $429,400 – a record high. In the first quarter, the national median price increased 3.4% year-over-year.
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75% of metro markets (170 out of 228) registered home price gains in the second quarter of 2025, according to NAR's Metropolitan Median Area Prices and Affordability and Housing Affordability Index. https://t.co/5QOPmxit7l
nar.realtor
Five percent of the 228 tracked metro areas recorded double-digit price gains in Q2 2025, down from 11% in Q2 2025.
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First-time buyers were responsible for 30% of sales in June; Individual investors purchased 14% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 3% of sales; Properties typically remained on the market for 27 days. #NAREHS
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“High mortgage rates are causing home sales to remain at cyclical lows. If the average rates were to decline to 6%, our analysis suggests an additional 160K renters becoming first-time homeowners and elevated sales activity from existing owners,” Dr. Yun continued. #NAREHS
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Existing-home sales decreased by 2.7% in June. Sales declined in the Northeast, Midwest and South and rose modestly in the West. Year-over-year, sales fell in the Northeast and West, while rising in the Midwest and South. #NAREHS
https://t.co/jAJYoaTIxv
nar.realtor
The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country....
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“The Northeast’s housing shortage is boosting prices, with more than 1/4 of homes selling above list price. More inventory in South gives buyers more negotiation power. Price declines in South should be considered temporary given the region’s strong job creation.” - Yun #NARPHS
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Year-over-year, contract signings rose in the Midwest and South, while they fell in the Northeast and West. #NARPHS
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“Consistent job gains and rising wages are modestly helping the housing market,” said Lawrence Yun. “Wages are increasing faster than home prices. However, mortgage rate fluctuations are primary driver of homebuying decisions & impact affordability more than wage gains.” #NARPHS
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The Pending Home Sales Index (PHSI) increased 1.8% to 72.6 in May. Year-over-year, pending transactions improved 1.1%. #NARPHS
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Pending home sales increased by 1.8% in May from the prior month and 1.1% year-over-year. All four U.S. regions experienced month-over-month increases – most notably the West. #NARPHS
https://t.co/L0cJS5vjmU
nar.realtor
The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos...
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The National Association of REALTORS® will release Pending Home Sales data for May 2025 today at 10 a.m. Eastern. @NAR_Research #NARPHS
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First-time buyers were responsible for 30% of sales in May; Individual investors purchased 17% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 3% of sales; Properties typically remained on the market for 27 days. #NAREHS
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“Increasing participation in housing market will increase mobility of the workforce, drive economic growth. If mortgage rates decrease in 2nd half of year, expect home sales to increase due to strong income growth, healthy inventory, and record-high # of jobs,” said Yun. #NAREHS
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Existing-home sales rose in May. Sales elevated in the Northeast, Midwest and South, but retreated in the West. Year-over-year, sales progressed in the Northeast and Midwest but contracted in the South and West. #NAREHS
https://t.co/M3bnjY5Utt
nar.realtor
The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country....
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The National Association of Realtors® will release Existing-Home Sales data for May 2025 today at 10 a.m. Eastern. @NAR_Research #NAREHS
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