FX.co ★ Existing Home Sales Unexpectedly Rebound

In May 2025, existing home sales in the United States increased by 0.8% from the previous month, reaching a seasonally adjusted annual rate of 4.03 million units. This marks a recovery from the 0.5% decline observed in the prior month and surpasses market predictions, which anticipated a decrease to 3.96 million units. Sales saw growth in the Northeast (4.2%), Midwest (2.1%), and South (1.7%), which offset a decline in the West region (-5.4%). The median sales price for existing homes stood at $422,800. According to Lawrence Yun, the Chief Economist for the National Association of Realtors, "Sales have been relatively subdued mainly due to persistently high mortgage rates. A reduction in interest rates is anticipated to attract more buyers and sellers to the market, enhancing workforce mobility and stimulating economic growth."