What the report says

  • Sales ran at a seasonally adjusted annual rate of 3.98 million homes.
  • Unsold inventory rose to 1.62 million homes, or 4.9 months of supply at the reported sales pace.
  • The national median existing-home price was $429,100, 1.6% higher than a year earlier.

Our investment lens

A national figure is context, not a local valuation. For residential development or repositioning, the relevant evidence is a narrow competitive set, current inventory, achievable prices, and the time required to sell.

What to examine next

Pair regional activity with nearby closed sales and current listings before making an asset-level pricing assumption.

Source & date

National Association of REALTORS, NAR Existing-Home Sales Report Shows 2.0% Decrease in August, September 10, 2026.

Original source: https://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-2-0-decrease-in-august

This on-site briefing summarizes third-party reporting and adds an independent investment perspective. It does not describe a current Prestige assignment.

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