Saddle Brook, NJ — August 25, 2025 — U.S. existing-home sales fell 2.7% from the previous month to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS® (NAR). Sales were unchanged from one year earlier. Regionally, monthly sales declined in the Midwest, Northeast, and South but rose in the West. Year-over-year, sales decreased in the Northeast and West but increased in the South and Midwest. 

“July’s housing market shows both resilience and adjustment. New listings and pending sales are up, giving buyers more options and proving demand remains strong. Prices continue to rise, median up nearly 5% year-over-year, and sellers are still averaging over 103% of list price. At the same time, closed sales slipped and days on market lengthened, showing buyers are more deliberate in their decisions. Affordability is tighter, but with inventory slowly improving, opportunity is growing for those ready to act,” said Greater Bergen REALTORS® President, Nicola Esposito. “Overall, Bergen County remains a competitive, healthy market where preparation and strategy matter more than ever. As Realtors, our Code of Ethics, Expertise, and Professionalism guide every strategy we use to serve and prepare our clients, in any market condition. While the journey of homeownership can feel overwhelming at times, with a REALTOR®, homebuyers and sellers are supported every step of the way.” 

Nationally, the median existing-home sales price rose 2.0% year-over-year to $435,300, a new monthly high and the 24th consecutive month of annual price gains, according to NAR. Slower sales activity has contributed to rising inventory this year, with 1.53 million properties listed for sale heading into July, a 15.9% increase from the same time last year and equivalent to a 4.7-month supply at the current sales pace. 

Highlights from July 2025 Report 

• Single Family Closed Sales increased 0.2 percent to 486.  

• Townhouse-Condo Closed Sales decreased 15.2 percent to 196.  

• Adult Communities Closed Sales increased 50.0 percent to 6.  

• Single Family Median Sales Price was up 8.6 percent to $860,000. 

• Townhouse-Condo Median Sales Price was down 3.8 percent to $505,000.  

• Adult Communities Median Sales Price was up 69.4 percent to $787,500. 

Click Here for the full ShowingTime Report for the month of July 2025