CONVEX
Past Release · Existing Home Sales

April 2025 Existing Home Sales Report

Tuesday, April 1, 2025

Existing Home Sales printed at 1,398, a +3.17% move from the prior reading of 1,355.

Headline Reading
Housing Starts
1,398
Apr 1
Prior
1,355
Absolute
+43
Percent
+3.17%

What to Watch For

  • Sales pace (annualized, seasonally adjusted)
  • Median sale price (year-over-year)
  • Months of supply (inventory indicator)
  • First-time buyer share
  • Cash sales percentage (investor activity)

Expected Market Reaction

Falling sales + rising prices: stagflation dynamic for housing, confusing for rates. Rising sales + stable prices: normalization, homebuilders rally. Supply crossing 6 months historically marks the shift from seller to buyer market.

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