Homeowners realized a 50% profit margin on the sale of single-family homes and condominiums according to ATTOM’s Q2 2025 U.S. Home Sales Report released This Week in Real Estate. This represents a modest increase from the 48.9% median profit margin recorded in Q1. The national median sales price rose 5.4% quarter-over-quarter and 3.1% year-over-year, underscoring continued home price appreciation despite a slowdown in transaction volume. Existing-home sales declined 2.7% month-over-month in June, yet the median sales price reached a record $435,300 for the month – marking the 24th consecutive year-over-year increase, per the National Association of Realtors. New home sales showed a slight 0.6% month-over-month increase, according to the U.S. Census Bureau. However, sales remain 6.6% below June 2024 levels and are down 4.3% year-to-date. Inventory of unsold new homes rose to 511,000 units, the highest level since October 2007. Mortgage rates remain elevated but relatively stable. Freddie Mac reported the average 30-year fixed-rate mortgage at 6.74%, down marginally from 6.75% the previous week and slightly below the 6.78% average from one year ago. Fannie Mae’s July 2025 Economic and Housing Outlook projects rates to decline gradually, ending 2025 at 6.4% and 2026 at 6.0%. Below are key events from the fourth week of July impacting our business:
HOME SALES PROFITS UP SLIGHTLY AS PRICES HIT RECORD HIGH. ATTOM released its second quarter 2025 U.S. Home Sales Report on Thursday, which shows that homeowners, on average, made a 50 percent profit selling single-family homes and condos during the second quarter of the year. That was a marginal increase over the 48.9 percent national median profit margin posted in the first quarter of 2025 but was down from a year ago when the typical home sale netted a 55.6 percent profit. Profit margins for home sales have been trending downward since a recent peak of 64.3 percent in the spring of 2022. But the latest tick up is a sign that historically high home prices can continue to rise. The median national sales price in the second quarter of 2025 was $369,000, up 5.4 percent from the previous quarter and up 3.1 percent from a year ago. “While profit margins aren’t going up significantly, they’re still sitting at pretty good levels,” said Rob Barber, CEO for ATTOM. “The median home sale last quarter netted a 50 percent profit, whereas in the years right before the pandemic the typical seller was netting around 30 percent.” The national average homeownership tenure – the amount of time between an owner buying and selling a home – rose to 8.18 years for homes sold in the second quarter of 2025, the longest it’s been in at least 25 years and up 4.3 percent compared to the second quarter of 2024. Read the full story here.
NEW HOME SALES HOLD STEADY AT A RELATIVELY TEPID LEVEL. Sales of newly built single-family homes edged 0.6% higher in June, rising to a seasonally adjusted annual rate of 627,000, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This marks a 0.6% increase from May’s unrevised figures. However, this is 6.6% below the June 2024 level. June new home sales are down 4.3% on a year-to-date basis. Regionally, on a year-to-date basis, new home sales are down in all four regions, falling 1.6% in the South, 4.0% in the West, 8.5% in the Midwest, and 25.6% in the Northeast. New single-family home inventory continued to rise with 511,000 residences marketed for sale as of June. This is 1.2% higher than the previous month, and 8.5% higher than a year ago. As expected, the combined new and existing total months’ supply has risen over the last few months to a balanced 5.4 months due to continued buyer hesitation in both new and existing home sales markets. Read the full story here.
JUNE EXISTING HOME SALES DROP AS PRICES HIT A RECORD HIGH. Sales of previously owned homes in June fell 2.7% from May to 3.93 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Supply continues to gain, with 1.53 million units for sale at the end of June. That is an increase of 15.9% year over year and represents a 4.7-month supply at the current sales pace. The median price of a home sold in June was $435,300, up 2% year over year and another record high for the month of June. That is the 24th consecutive month of annual increases. Sales continue to outperform on the higher end of the market. Homes priced above $1 million jumped 14%. Houses are spending longer on the market, at an average of 27 days compared with 22 days last June. Read the full story here.
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