What did existing home sales look like in June? 

Home affordability increased across the country in June and sales are up compared to a year earlier, while median home prices have risen some, a report released today by the National Association of REALTORS® (NAR) said.

Existing home sales, which the NAR defines as completed transactions for properties that include single-family homes, townhomes, condominiums and co-ops, decreased as much as 2.4% from May in all four regions of the nation. However, sales increased 2.8% from June 2025.

“The median home price has reached an all-time high. Even so, affordability is better than a year ago because wage growth is outpacing home price growth,” NAR Chief Economist Lawrence Yun said.

Current homeowners, whether seasoned or recent, may have seen their home values increase in June. The NAR reported that June was the 36th consecutive month that median home prices have increased, with the median existing-home price for all housing types hitting $440,600. Even with this increase in home prices, housing affordability is up in all four regions the NAR tracks.

Total homes for sale at the end of June were 1.56 million units, down 0.6% from May and up 1.3% from June 2025. With more options on the market, potential buyers have a better chance to search for their dream home than they did last year.

With mortgage rates lower than a year ago and housing affordability up, it may be time to consider joining the housing market or accessing your current home’s value without selling through a Home Equity Line of Credit (HELOC).

Which regions showed changes in existing home sales? 

One of the four regions the NAR tracks in the U.S. showed increases in sales of existing homes in June compared to the previous month, the NAR said.

• The Northeast saw an increase of 2.1% in existing home sales from May. 

• Sales of existing homes in the West dipped 1.3% in June compared to the previous month.
• In the Midwest, existing home sales saw a 3% decrease compared to a month earlier.
• Completed transactions in the South fell 3.6% from the previous month. 

June marks the beginning of the summer homebuying season. Summer tends to see the largest number of homes on the market. Summertime can also be the easiest time of the year to move. If you are looking to see more homes on the market and avoid potential harsh weather, it may be time to consider joining the housing market.

Did mortgage rates show any change? 

According to data from Freddie Mac, the 30-year fixed rate mortgage averaged 6.43% as of July 2. That’s a sizeable drop from 6.67% one year ago and slightly lower than 6.49% one week earlier.

A continued reduction in mortgage interest rates will likely be a welcome sign to prospective homebuyers. A decrease in mortgage rates could also signal a continuing thaw in the housing market as the annual summer homebuying season gets into full swing.

Are you ready to start seeing the benefits of homeownership? Apply for a mortgage pre-approval and begin your journey toward your dream home with Rate! A pre-approval shows sellers and real estate agents that you’re a serious buyer and gives you an idea of how much of a mortgage you’re likely to get approved for.

*National average rates from Freddie Mac as of July 2, 2026, are not advertised rates from Rate.

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Refinancing your mortgage may increase costs over the term of your loan. Restrictions may apply.

All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Rate. Rate, its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.