FX.co ★ US Existing Home Sales Unexpectedly Rise

In February 2025, the sale of existing homes in the United States increased by 4.2% compared to the previous month, reaching a seasonally adjusted annualized rate of 4.26 million homes. This is a notable recovery from the revised 4.7% decrease recorded in the prior month and exceeds market expectations of a decline to 3.95 million units. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), commented, "Prospective home buyers are gradually re-entering the market. Although mortgage rates have remained relatively stable, the increased availability of inventory and options is beginning to address the previously unmet housing demand." The median sales price for these homes rose to $398,400, marking a 3.8% increase from last year. Meanwhile, the inventory of homes that remain unsold grew by 5.1% month-over-month, reaching a total of 1.24 million properties, which corresponds to a 3.5-month supply at the current sales rate.