August 2025-Good news!

Queensbury, NY-U.S. existing-home sales rose 2.0% month-over-month and 0.8% yearover-year to a seasonally adjusted annual rate of 4.01 million units, according to the National Association of REALTORS® (NAR). Economists polled by Reuters had forecast a rate of 3.92 million units. Regionally, sales increased on a monthly basis in the West, South, and Northeast, but declined in the Midwest.

New Listings decreased 4.2 percent to 528. Pending Sales increased 19.0 percent to 450. Inventory decreased 1.2 percent to 1,064.

Median Sales Price increased 14.9 percent from $370,000 to $425,000. Days on Market decreased 13.8 percent to 25. Months Supply of Inventory decreased 3.0 percent to 3.2.

Nationally, 1.55 million units were listed for sale heading into August, up 0.6% from the previous month and 15.7% higher than the same time last year, representing a 4.6-month supply at the current sales pace, according to NAR. Inventory is now at its highest level since May 2020, a shift that has helped slow price growth in many markets. As a result, the national median existing-home sales price edged up just 0.2% year-over-year to $422,400.

Residential activity in the counties of Essex, Hamilton, Saratoga, Warren, and Washington is composed of single-family properties, townhomes, and condominiums combined.  Percent changes are calculated using rounded figures.