Each month, the Research Update report provides a summary of the data, reports, blog posts, and instant reactions produced by NAR's research team.
June 2025
Data
Existing-Home Sales
Existing-home sales rose in May. Sales elevated in the Northeast, Midwest, and South, but retreated in the West. Year-over-year, sales increased in the Northeast and Midwest but declined in the South and West.
Pending Home Sales
Pending home sales increased by 1.8% in May from the prior month and 1.1% year-over-year. All four U.S. regions experienced month-over-month increases, most notably the West. Year-over-year, contract signings rose in the Midwest and South, while they fell in the Northeast and West.
Housing Affordability Index
The housing affordability index increased to 103.2 in March from 102.6 in February. An index above 100 means that a family with a median income has more than the income required to afford a median-priced home.
REALTORS® Confidence Index
27% of respondents expect a year-over-year increase in seller traffic in the next three months, the same as 27% one month ago and up from 21% one year ago. With supply still limited relative to demand, 28% of homes sold above list price, up from last month’s 18% and down slightly from 30% a year ago. 27% of buyers had all-cash sales, up slightly from 25% the previous month and down slightly from 28% the previous year.
Metro Market Statistics
Use the data visualization to get your local area's most recent housing, demographic, economic, and affordability statistics.
How REALTORS® Can Use This
REALTORS® can use existing-home sales and pending home sales data to gauge current demand trends and anticipate market shifts. They can also utilize the affordability and quarterly data to identify pricing patterns and assess buyer capacity across different regions to adapt strategies for their clients.
Reports
- Deed and Title Fraud Survey
- Housing Affordability and Supply
- Profile of Home Staging
- Home Buyer and Seller Generational Trends
How REALTORS® Can Use This
REALTORS® can leverage NAR reports to provide clients with datadriven insights on specific market conditions and equip themselves with important knowledge about the market. This empowers members to assist buyers and sellers in making informed decisions regarding timing, pricing, and location.
Articles on the Economy
- Pets Drive Home Buying
- How Education Is Shaping Homeownership Trends
- Breaking Barriers: Understanding the Unique Challenges Faced by LGBTQ+ Home Buyers and Sellers
- Single-Family Home Prices Had Positive Price Gains in 83% of 228 Metro Areas in 2025 Q1
- Housing Shortage Tracker: A Forward-Looking Perspective on Housing Supply
Instant Reactions
How REALTORS® Can Use This
REALTORS® can use the Economists’ Outlook blog to stay updated on experts’ commentary, economic forecasts, housing market outlooks, and regional trends, and then use these insights to help clients on timing purchases or sales based on anticipated market movement. By sharing analysis of the housing market and translating it into consumer-friendly guidance, agents can build credibility and empower their clients to navigate the housing market with confidence.