1. OVERVIEW
This study provides an overview of key residential real estate brokerage data on a quarterly basis to give leaders a streamlined, source of data and overall analysis in a single place. In the following sections, the most recent data is presented with a brief analysis of current and historic trends for each of the following types of housing market data:
- Activity
- Demand
- Supply
- Prices
2. ACTIVITY
2.1 Home Sales
This section focuses primarily on existing home sales as this is the primary domain of the residential real estate brokerage industry. Existing home sales represent approximately 86% of all home sold each year in the US, with the balance being new homes.
The 4.06 million existing homes sold in 2024 was the lowest annual amount in at least the last two decades, and represents a drop of 33.6% from a recent high of 6.12 million in 2021.
An uncertain economy and rising interest rates continue to compress sales.
April 2024 Sales Near Decade Low
The April 2025 seasonally adjusted existing home sales annual rate of 4.00 million is a near-low for the metric over the last decade marked at 3.93 million annualized sales rate in June 2024.
Existing Home Sales Seasonally Adjusted Annual Rate vs Month
Source: NAR
Over the last 12 months, the annual existing home sales rate has hovered around 4.10 million, most recently landing at 4.00 million in April 2025, the latest data available.
Existing Home Sales Seasonally Adjusted Annual Rate vs Month
Source: NAR
Absolute sales down too
The actual number of existing home sales are still lagging in 2025. In the first four months of the year, the number of existing home sales was down 2.4% from the same period in 2024.
Existing Home Sales vs Period
Source: NAR
In May 2025, Zillow forecasted existing home sales would reach 4.12 million in 2025. This would be a slight increase (1.4%) from 2023 and 2024 but still lies in a historically low range, and is 32.7% below the recent high of 6.12 million home since 2021.
Existing Homes Sold vs Year
Second Quarter Forecast
In May 2025, Zillow forecasted existing home sales would reach 4.12 million in 2025. This would be a slight increase (1.4%) from 2023 and 2024 but still lies in a historically low range, and is 32.7% below the recent high of 6.12 million home since 2021.
Source: NAR, Zillow
2.2 Home Prices
Home prices continue to rise.
More coming soon.