New houses are selling at an annualized rate of 607,000 in July 2026, with 488,000 available in July and supply at 9.6 months.
Existing homes are selling at an annual rate of 3.98 million in August with 1.62 million available and supply at 4.9 months.
Highest supply in a decade for existing homes indicates sellers are asking too much.
You know what to do.
Home sales fall in August despite the highest supply in over a decade
... Sales of previously owned homes fell 2% in August from July to 3.98 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors.
... Housing supply totaled 1.62 million homes for sale at the end of August, up 3.2% from July and up 5.9% from the year before. At the current sales pace, that represents a 4.9-month supply — the highest level in over a decade, according to NAR.
Despite more supply, prices continue to rise. The median price of a home sold in august was $429,100, up 1.6% from August 2025. That is a new record high for the month of August.
... Homes are sitting on the market longer, averaging 31 days in August compared with 29 days in July. ...
