US Existing-Home Sales Rise as Price Growth Simmers Down

Houses For Sale In Los Angeles As US Mortgage Rates Climb — Photographer: Eric Thayer/Bloomberg

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By Michael Sasso

August 21, 2025 at 2:00 PM UTC

Updated on

August 21, 2025 at 2:42 PM UTC

Sales of previously owned US homes rose modestly in July as price growth slowed and mortgage rates drifted lower, helping to stabilize demand.

Contract closings increased 2% last month to an annualized rate of 4.01 million, a report from the National Association of Realtors showed Thursday. The median projection in a Bloomberg survey of economists was for a 3.92 million pace.