Existing-Home Sales Accelerated 4.2% in February
- NAR
- Apr 3
- 2 min read
Existing-home sales ascended in February, according to the National Association of REALTORS. For both monthly and year-over-year sales, two major U.S. regions experienced growth, one region remained stable and the other registered a decline.
Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops – progressed 4.2% from January to a seasonally adjusted annual rate of 4.26 million in February. Year-over-year, sales slid 1.2% (down from 4.31 million in February 2024).
Total housing inventory registered at the end of February was 1.24 million units, up 5.1% from January and 17% from one year ago (1.06 million). Unsold inventory sits at a 3.5-month supply at the current sales pace, identical to January and up from 3.0 months in February 2024.
REALTORS Confidence Index
According to the monthly REALTORS Confidence Index, properties typically remained on the market for 42 days in February, up from 41 days in January and 38 days in February 2024.
First-time buyers were responsible for 31% of sales in February, up from 28% in January 2025 and 26% in February 2024. NAR's 2024 Profile of Home Buyers and Sellers – released November 2024 – found that the annual share of first-time buyers was 24%, the lowest ever recorded.
Single-family and Condo/Co-op Sales
Single-family home sales scaled 5.7% to a seasonally adjusted annual rate of 3.89 million in February, down 0.3% from the prior year. The median existing single-family home price was $402,500 in February, up 3.7% from February 2024.
Existing condominium and co-op sales waned 9.8% in February to a seasonally adjusted annual rate of 370,000 units, also down 9.8% from one year ago. The median existing condo price was $355,100 in February, up 3.5% from the previous year ($343,000).
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