Prior month 4.24M annualized sales pace revised to 4.29M
Existing home sales for January 2025 4.08M vs estimates of 4.12M.
Existing home sales -4.9%
Home supply 3.5 months versus 3.3 months last month

Other detals from the NAR Realtors showed:

The median existing-home sales price advanced 4.8% from January 2024 to $396,900, the 19th consecutive month of year-over-year price increases.
Cash sales 29% vs 32% last year
First-time buyers were responsible for 28% of sales in January, down from 31% in December 2024 and identical to January 2024.
Individual investors or second-home buyers, who make up many cash sales, purchased 17% of homes in January, up from 16% in December and unchanged from January 2024.
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.85% as of February 20. That’s down from 6.87% one week ago and 6.90% one year ago.

Looking at the regional breakdown:

Northeast: Sales down 5.7% MoM to 500K; up 4.2% YoY. Median price: $475,400 (+9.5% YoY).
Midwest: Sales flat MoM at 1M; up 5.3% YoY. Median price: $290,400 (+7.2% YoY).
South: Sales down 6.2% MoM to 1.83M; unchanged YoY. Median price: $356,300 (+3.5% YoY).
West: Sales down 7.4% MoM to 750K; up 1.4% YoY. Median price: $614,200 (+7.4% YoY)

Looking at the history, the sales data is still near the lows as supply constraints and higher prices impact the market.Trump has said he will impose tariffs on Canadian lumber which could make building more difficult given the supply and price issues.

This article was written by Greg Michalowski at www.forexlive.com.