U.S. home sales dipped in August, falling 1.6% from August 2024 and 5.5% from July 2025. The slowdown coincided with the end of a 17-month streak of year-over-year growth in new listings, which dropped 5.9% year over year and 9.2% month over month, according to the REMAX National Housing Report . The report also shows that Phoenix sellers have to wait a while to sell, as Phoenix ranks in the Top 5 for the average days on market before homes are are sold.

Despite the drop in sales activity and increase in Phoenix days on the market, inventory remained 24.4% higher than one year ago, although it eased down 0.4% from July. At the same time, the Median Sales Price rose 1.9% year over year to $448,000, marking the 26 th consecutive month of annual price gains. Home prices have not decline

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