Houtan HormozianExpert on Real Estate, Finance and PropTech

August Housing Market Update Home Sales, Prices Economic Trends Explained

30 Sept 2025 · 1 min

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1:06

In this brief market insight, the speaker reports that new home sales in August reached a 3.5‑year high, driven by lower mortgage rates and strong builder incentives. Existing home sales remained flat, and the average time on market lengthened to 31 days. Housing supply fell 1.3% month‑over‑month, while the National Association of Realtors’ median home price rose to $422,000—a 2% year‑over‑year increase and the 26th consecutive month of price gains. On the macro side, jobless claims dropped to their lowest level since mid‑July, indicating strong employment, and U.S. GDP grew at its fastest pace in almost two years, powered by robust consumer spending. However, businesses report that tariffs are increasing costs, and weak demand is preventing price hikes, squeezing profits across many sectors. The segment ends with a call for comments, likes, and further engagement.

Chapters

Here's your quick market insight. New home sales in August jumped to the highest level in 3.5 years. This was mainly because of lower mortgage rates and strong incentives from builders. Meanwhile, existing home sales stayed flat in August. Homes also took longer to sell, with an average of 31 days on the market. Housing supply dropped 1.3% compared to July. According to National Association of Realtors, or NAR, the median home sales price in August was $422,000, which is 2% higher than a year ago. This marks the 26th month in a row that home prices have gone up. Jobless claims dropped last week to their lowest level since mid-July, showing companies are keeping their workers. The U.S. economy grew at its fastest pace in almost 2 years last quarter, thanks to stronger consumer spending. But businesses say tariffs are driving up their costs. At the same time, weak demand is keeping them from raising prices, which is cutting into profits across many industries. Thoughts on this update? Comment below. Give us a like, tag a friend, and let's keep the conversation going. Message us here or visit our website.