# US existing home sales for August

August 2026

Updated: August 31, 2026

Category: Economics

Tags: Housing

HTML: /markets/economics/housing/us-existing-home-sales-for-august/

## Short Answer

**US existing home sales for August 2026 are likely to exceed 4.00 million units, driven by a preliminary report indicating sales reached that level.** This contrasts with some economist forecasts around 4.05 million units and general subdued activity, with the **market** pricing the outcome at **78.0%** compared to the **model**'s **63.5%**.

## Key Claims (August 2026)

**- - August 2026 sales are expected above 3.90M, based on a 4.00M unit preliminary report.** - Economist forecasts around 4.05 million units suggest sales may surpass 4.00M.
- Higher thresholds face headwinds from elevated mortgage rates and softening demand.

## Market Behavior & Drivers

The preliminary report indicating August 2026 existing home sales at 4.00 million units is driving **market** adjustments, contrasting with economist forecasts near 4.05 million.

This market's primary volatility appears driven by misinformation rather than economic fundamentals. The 10.0 percentage point spike on August 25, 2026, coincided with a social media-fueled rumor. No official data was released that day; the National Association of Realtors (NAR) is not scheduled to publish August existing home sales figures until September 10, 2026.

An earlier 10.0 percentage point drop on August 18 lacks a clear catalyst in available reporting. The market has since shown a downward trend from its starting point. Total volume across the contract's history is low at 1,068 contracts.

### Who Wins and Why

| Outcome | Market | Model | Why |
| --- | --- | --- | --- |
| Above 3.90M | 69.0% | 79.0% | Preliminary report shows August 2026 sales at 4.00 million units, exceeding this threshold. |
| Above 4.10M | 73.0% | 58.0% | Preliminary report shows August 2026 sales at 4.00 million units, falling below this threshold. |
| Above 3.80M | 82.0% | 79.9% | Preliminary report shows August 2026 sales at 4.00 million units, exceeding this threshold. |

## Model vs Market

| Outcome | Market Probability | Octagon Model Probability |
| --- | --- | --- |
| Above 3.90M | 69.0% | 79.0% |
| Above 4.10M | 73.0% | 58.0% |
| Above 3.80M | 82.0% | 79.9% |
| Above 4.00M | 78.0% | 63.5% |
| Above 4.20M | 19.0% | 15.8% |
| Above 4.40M | 2.0% | 1.6% |
| Above 4.30M | 8.0% | 6.4% |
| Above 3.70M | 91.0% | 89.9% |

- Expiration: September 10, 2026

## Significant Price Movements

### Outcome: Above 4.00M

#### 📈 August 31, 2026: 25.0pp spike

Price increased from 53.0% to 78.0%

**What happened:** The primary driver for the 25.0 percentage point spike in the prediction market for "US existing home sales for August: Above 4.00M" was a report on August 31, 2026, indicating that August 2026 existing home sales reached 4.00 million units [[^]](https://www.cmegroup.com/education/events/econoday/636615). This figure, reported ahead of the official September 10, 2026 NAR release, significantly surpassed the consensus forecast of 3.95 million units from the Econoday survey [[^]](https://www.cmegroup.com/education/events/econoday/636615). The unexpected higher preliminary sales figure increased the perceived probability of the "Above 4.00M" outcome. Social media was not a primary driver, as research found no credible documentation linking it directly to this specific market movement [[^]](https://seekingalpha.com/article/4941733-ai-biggest-threat-isnt-ai-its-the-fed)[[^]](https://www.youtube.com/watch?v=ppkePDTyvDU)[[^]](https://seekingalpha.com/article/4941731-sp500-gets-rate-hike-reality-check-fed-new-chief)[[^]](https://invezz.com/news/2026/08/31/top-nasdaq-composite-and-sp-500-news-to-watch-this-week/)[[^]](https://www.cnbc.com/2026/08/31/santoli-why-investors-should-be-on-high-alert-heading-into-september.html)[[^]](https://seekingalpha.com/article/4941630-first-watchs-drop-is-proof-the-market-lacks-taste).

#### 📈 August 22, 2026: 8.0pp spike

Price increased from 44.0% to 52.0%

**What happened:** The provided research does not identify a primary driver for the 8.0 percentage point spike in the prediction market on August 22, 2026. On that date, major housing news indicated rising mortgage rates and increased inventory, factors typically associated with declining home sales, which would contradict an upward price movement for "Above 4.00M" [[^]](https://www.realtor.com/research/weekly-housing-trends-view-data-week-august-22-2026/)[[^]](https://www.mortgagedaily.com/rates/mortgage-rates-today-2026-08-22/)[[^]](https://www.forumnadlanusa.com/mortgage-rates-august-22-2026-bond-market-volatility/). No specific social media activity or traditional news announcement was found that predicted an increase in August existing home sales for that particular day [[^]](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales)[[^]](https://www.realtor.com/research/weekly-housing-trends-view-data-week-august-22-2026/)[[^]](https://www.mortgagedaily.com/rates/mortgage-rates-today-2026-08-22/)[[^]](https://www.forumnadlanusa.com/mortgage-rates-august-22-2026-bond-market-volatility/)[[^]](https://www.youtube.com/watch?v=jP3dRMrxFk4)[[^]](https://www.youtube.com/watch?v=mt81hcUElRc)[[^]](https://www.youtube.com/watch?v=x5uJNppFQII)[[^]](https://www.cmegroup.com/education/events/econoday/636615). Thus, social media appears irrelevant as a primary driver for this market movement based on the available information.

### Outcome: Above 4.10M

#### 📈 August 30, 2026: 39.0pp spike

Price increased from 34.0% to 73.0%

**What happened:** The described 39.0 percentage point spike in the prediction market for US existing home sales for August 2026 to be "Above 4.10M" on August 30, 2026, cannot be verified by the provided research. As of August 31, 2026, the official August 2026 existing home sales data had not yet been released, with publication scheduled for September 10, 2026 [[^]](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales). Furthermore, available data for July 2026 showed a decrease to an annualized rate of 4.06 million units, not a spike [[^]](https://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-1-7-decrease-in-july), and no supporting social media activity, news, or market factors for such a movement were found [[^]](https://www.prnewswire.com/news-releases/cognizant-and-crowdstrike-protect-critical-operations-across-converged-it-and-ot-environments-302863250.html). Therefore, social media was irrelevant, as the reported market movement itself lacks substantiation in the provided information.

#### 📈 August 27, 2026: 22.0pp spike

Price increased from 10.0% to 32.0%

**What happened:** The provided research indicates that the described market movement lacks verifiable evidence. The official August 2026 existing-home sales data was not released on August 27, 2026; it is scheduled for publication on September 10, 2026 [[^]](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales)[[^]](https://www.nar.realtor/press-releases/nar-statistical-news-release-schedule)[[^]](https://fred.stlouisfed.org/series/exhoslusm495s)[[^]](https://fred.stlouisfed.org/releases/calendar?od=asc&rid=291&ve=2020-12-31&view=year&vs=2020-01-01). Furthermore, there is no evidence of a 22.0 percentage point spike in existing home sales or associated news/social media activity on August 27, 2026, within the provided sources [[^]](https://www.mpamag.com/us/mortgage-industry/market-updates/rising-inventory-hands-buyers-rare-leverage/587740)[[^]](https://www.forumnadlanusa.com/mortgage-rates-august-22-2026-bond-market-volatility/)[[^]](https://www.prnewswire.com/news-releases/cognizant-and-crowdstrike-protect-critical-operations-across-converged-it-and-ot-environments-302863250.html)[[^]](https://www.prnewswire.com/news-releases/pnc-executives-to-speak-at-barclays-global-financial-services-conference-302863275.html)[[^]](https://seekingalpha.com/article/4941706-energy-transfer-stock-crushed-market-i-expect-that-continue)[[^]](https://seekingalpha.com/article/4941623-kazia-therapeutics-stock-worth-speculating-paxalisib-tnbc-data)[[^]](https://seekingalpha.com/article/4941730-kelly-partners-serial-acquirer-at-attractive-price)[[^]](https://www.etftrends.com/nuclear-energy-content-hub/nuclear-energy-scaling-up-through-new-federal-projects/). Therefore, social media activity is irrelevant to a non-verifiable event.

### Outcome: Above 3.90M

#### 📈 August 25, 2026: 10.0pp spike

Price increased from 65.0% to 75.0%

**What happened:** The 10.0 percentage point spike in the prediction market on August 25, 2026, was primarily driven by social media-fueled misinformation, as no official US existing home sales data for August 2026 was released that day [[^]](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales)[[^]](https://fred.stlouisfed.org/releases/calendar?od=asc&rid=291&ve=2020-12-31&view=year&vs=2020-01-01). While the most recent July 2026 existing home sales report (released August 11, 2026) indicated a 1.7% decrease [[^]](https://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-1-7-decrease-in-july)[[^]](https://www.reuters.com/business/us-existing-home-sales-post-second-straight-monthly-decline-july-2026-08-11/), an optimistic social media narrative emerged, suggesting the July report "was actually positive year-over-year" [[^]](https://www.youtube.com/watch?v=jP3dRMrxFk4). This claim, likely spread by content creators or analysts, fostered an unfounded positive outlook for August existing home sales. The sentiment was potentially amplified by the concurrent release of the July New Residential Sales data on August 25, 2026 [[^]](https://www.census.gov/construction/nrs/pdf/newressales.pdf), which traders might have conflated with existing home sales. Thus, social media was a primary driver by propagating misleading information and fostering speculative optimism.

## Contract Snapshot

This Kalshi prediction market resolves based on the official US existing home sales figure for August. A 'Yes' resolution occurs if the reported sales are greater than the specific million-unit threshold outlined in the contract, while a 'No' resolution occurs if they are at or below that threshold. The market begins trading on September 10, 9:00 AM EDT, and has a maximum payout date of September 10, 2026.

## Market Discussion

The official report for US existing home sales in August 2026 is scheduled for release on September 10, 2026 [[^]](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales). Analysts anticipate an "easing pattern" similar to July, driven by continued high mortgage rates, limited inventory, and persistent affordability challenges, which contributes to a broader multi-year slump with sales below 5 million (SAAR) [[^]](https://www.realtor.com/research/video-economic-and-housing-market-update-august-24-2026/). Public discussion remains divided on the housing market's late 2026 outlook, debating whether it represents a "dead cat bounce" or a long-term "bull run," and the impact of wage stagnation versus home prices [[^]](https://kindness.social/thread/thread_20260829_193500_872a0d).

## Market Data

| Contract | Yes Bid | Yes Ask | Last Price | Volume | Open Interest |
| --- | --- | --- | --- | --- | --- |
| Above 3.70M | 89% | 99% | 91% | $150 | $150 |
| Above 3.80M | 83% | 97% | 82% | $1,851.17 | $1,401.84 |
| Above 3.90M | 60% | 72% | 69% | $3,882.25 | $2,698.19 |
| Above 4.00M | 29% | 72% | 78% | $1,215.41 | $877.95 |
| Above 4.10M | 17% | 71% | 73% | $3,211.48 | $2,274.22 |
| Above 4.20M | 15% | 19% | 19% | $723.15 | $703.89 |
| Above 4.30M | 6% | 19% | 8% | $286.16 | $281.16 |
| Above 4.40M | 1% | 10% | 2% | $360.05 | $340.05 |

## What do leading indicators from the Mortgage Bankers Association and NAR suggest for the final August 2026 existing home sales report?

Mortgage Applications Decrease | 1.0% for week ending August 21, 2026 [[^]](https://www.mba.org/news-and-research/newsroom/news/2026/08/26/mortgage-applications-decrease-in-latest-mba-weekly-survey)[[^]](https://www.housingwire.com/articles/mba-mortgage-applications-dip-refinance/) |
July 2026 Existing-Home Sales Decline | 1.7% [[^]](https://www.nar.realtor/news/economists-outlook/the-market-dynamics-of-august-sales-inventory-and-buyer-trends)[[^]](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales) |
30-Year Fixed Mortgage Rate | 6.78% (week ending August 21, 2026) [[^]](https://www.mba.org/news-and-research/newsroom/news/2026/08/26/mortgage-applications-decrease-in-latest-mba-weekly-survey)[[^]](https://www.housingwire.com/articles/mba-mortgage-applications-dip-refinance/) |

**The final August 2026 existing-home sales report is anticipated to reflect ongoing pressure from elevated mortgage rates and affordability constraints, although a market collapse is not expected [[^]](https://www.mba.org/news-and-research/newsroom/news/2026/08/26/mortgage-applications-decrease-in-latest-mba-weekly-survey)[[^]](https://www.nar.realtor/news/economists-outlook/the-market-dynamics-of-august-sales-inventory-and-buyer-trends)[[^]](https://seekingalpha.com/article/4941733-ai-biggest-threat-isnt-ai-its-the-fed)[[^]](https://www.youtube.com/watch?v=ppkePDTyvDU)[[^]](https://seekingalpha.com/article/4941731-sp500-gets-rate-hike-reality-check-fed-new-chief)[[^]](https://invezz.com/news/2026/08/31/top-nasdaq-composite-and-sp-500-news-to-watch-this-week/)[[^]](https://seekingalpha.com/article/4941579-the-increased-uncertainty-increasing-the-appeal-of-cash-like-allocations)**

The final August 2026 existing-home sales report is anticipated to reflect ongoing pressure from elevated mortgage rates and affordability constraints, although a **market** collapse is not expected [[^]](https://www.mba.org/news-and-research/newsroom/news/2026/08/26/mortgage-applications-decrease-in-latest-mba-weekly-survey)[[^]](https://www.nar.realtor/news/economists-outlook/the-**market**-dynamics-of-august-sales-inventory-and-buyer-trends)[[^]](https://seekingalpha.com/article/4941733-ai-biggest-threat-isnt-ai-its-the-fed)[[^]](https://www.youtube.com/watch?v=ppkePDTyvDU)[[^]](https://seekingalpha.com/article/4941731-sp500-gets-rate-hike-reality-check-fed-new-chief)[[^]](https://invezz.com/news/2026/08/31/top-nasdaq-composite-and-sp-500-news-to-watch-this-week/)[[^]](https://seekingalpha.com/article/4941579-the-increased-uncertainty-increasing-the-appeal-of-cash-like-allocations). Leading indicators signal continued challenges, including a **1.0%** decrease in mortgage applications for the week ending August 21, 2026, and a **0.3%** decrease in the seasonally adjusted Purchase Index [[^]](https://www.mba.org/news-and-research/newsroom/news/2026/08/26/mortgage-applications-decrease-in-latest-mba-weekly-survey)[[^]](https://www.housingwire.com/articles/mba-mortgage-applications-dip-refinance/). Furthermore, NAR reported a **1.7%** decline in July 2026 sales and a **2.3%** month-over-month drop in pending home sales, reaching the lowest level since January 2026 [[^]](https://www.mba.org/news-and-research/newsroom/news/2026/08/26/mortgage-applications-decrease-in-latest-mba-weekly-survey)[[^]](https://www.nar.realtor/news/economists-outlook/the-**market**-dynamics-of-august-sales-inventory-and-buyer-trends)[[^]](https://seekingalpha.com/article/4941733-ai-biggest-threat-isnt-ai-its-the-fed)[[^]](https://www.youtube.com/watch?v=ppkePDTyvDU)[[^]](https://seekingalpha.com/article/4941731-sp500-gets-rate-hike-reality-check-fed-new-chief)[[^]](https://invezz.com/news/2026/08/31/top-nasdaq-composite-and-sp-500-news-to-watch-this-week/)[[^]](https://seekingalpha.com/article/4941579-the-increased-uncertainty-increasing-the-appeal-of-cash-like-allocations)[[^]](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales). These declines are primarily attributed to the year's highest mortgage rates and record-high home prices [[^]](https://www.mba.org/news-and-research/newsroom/news/2026/08/26/mortgage-applications-decrease-in-latest-mba-weekly-survey)[[^]](https://www.nar.realtor/news/economists-outlook/the-**market**-dynamics-of-august-sales-inventory-and-buyer-trends)[[^]](https://seekingalpha.com/article/4941733-ai-biggest-threat-isnt-ai-its-the-fed)[[^]](https://www.youtube.com/watch?v=ppkePDTyvDU)[[^]](https://seekingalpha.com/article/4941731-sp500-gets-rate-hike-reality-check-fed-new-chief)[[^]](https://invezz.com/news/2026/08/31/top-nasdaq-composite-and-sp-500-news-to-watch-this-week/)[[^]](https://seekingalpha.com/article/4941579-the-increased-uncertainty-increasing-the-appeal-of-cash-like-allocations)[[^]](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales).

Supportive factors and seasonal trends may moderate sales declines. Despite these challenges, both NAR and MBA point to several factors offering **market** support, including substantial pent-up demand, improving inventory levels, and slightly enhanced affordability [[^]](https://www.nar.realtor/news/economists-outlook/the-**market**-dynamics-of-august-sales-inventory-and-buyer-trends)[[^]](https://seekingalpha.com/article/4941733-ai-biggest-threat-isnt-ai-its-the-fed)[[^]](https://www.youtube.com/watch?v=ppkePDTyvDU)[[^]](https://seekingalpha.com/article/4941731-sp500-gets-rate-hike-reality-check-fed-new-chief)[[^]](https://invezz.com/news/2026/08/31/top-nasdaq-composite-and-sp-500-news-to-watch-this-week/)[[^]](https://seekingalpha.com/article/4941579-the-increased-uncertainty-increasing-the-appeal-of-cash-like-allocations). Historically, August typically experiences a seasonal increase of approximately **2.6%** in existing-home sales [[^]](https://www.mba.org/news-and-research/newsroom/news/2026/08/26/mortgage-applications-decrease-in-latest-mba-weekly-survey)[[^]](https://www.nar.realtor/news/economists-outlook/the-**market**-dynamics-of-august-sales-inventory-and-buyer-trends)[[^]](https://seekingalpha.com/article/4941733-ai-biggest-threat-isnt-ai-its-the-fed)[[^]](https://www.youtube.com/watch?v=ppkePDTyvDU)[[^]](https://seekingalpha.com/article/4941731-sp500-gets-rate-hike-reality-check-fed-new-chief)[[^]](https://invezz.com/news/2026/08/31/top-nasdaq-composite-and-sp-500-news-to-watch-this-week/)[[^]](https://seekingalpha.com/article/4941579-the-increased-uncertainty-increasing-the-appeal-of-cash-like-allocations). During this month, inventory often reaches its seasonal peak, with both buyers and sellers remaining active [[^]](https://www.mba.org/news-and-research/newsroom/news/2026/08/26/mortgage-applications-decrease-in-latest-mba-weekly-survey)[[^]](https://www.nar.realtor/news/economists-outlook/the-**market**-dynamics-of-august-sales-inventory-and-buyer-trends)[[^]](https://seekingalpha.com/article/4941733-ai-biggest-threat-isnt-ai-its-the-fed)[[^]](https://www.youtube.com/watch?v=ppkePDTyvDU)[[^]](https://seekingalpha.com/article/4941731-sp500-gets-rate-hike-reality-check-fed-new-chief)[[^]](https://invezz.com/news/2026/08/31/top-nasdaq-composite-and-sp-500-news-to-watch-this-week/)[[^]](https://seekingalpha.com/article/4941579-the-increased-uncertainty-increasing-the-appeal-of-cash-like-allocations).

MBA forecasts moderate 2026 sales, anticipating a firmer second half. The MBA's August 2026 Mortgage Finance Forecast estimates existing-home sales at a seasonally adjusted annual rate of 4.076 million units for the entirety of 2026 [[^]](https://www.mba.org/news-and-research/newsroom/news/2026/08/26/mortgage-applications-decrease-in-latest-mba-weekly-survey)[[^]](https://www.nar.realtor/news/economists-outlook/the-**market**-dynamics-of-august-sales-inventory-and-buyer-trends)[[^]](https://seekingalpha.com/article/4941733-ai-biggest-threat-isnt-ai-its-the-fed)[[^]](https://www.youtube.com/watch?v=ppkePDTyvDU)[[^]](https://seekingalpha.com/article/4941731-sp500-gets-rate-hike-reality-check-fed-new-chief)[[^]](https://invezz.com/news/2026/08/31/top-nasdaq-composite-and-sp-500-news-to-watch-this-week/)[[^]](https://seekingalpha.com/article/4941579-the-increased-uncertainty-increasing-the-appeal-of-cash-like-allocations)[[^]](https://img03.en25.com/Web/MortgageBankersAssociation/%7B6fe8f49b-0d62-4b51-89ab-ecb8bb4ba1dc%7D_Mortgage_Finance_Forecast_Aug_2026.pdf). This forecast suggests a moderate overall transaction volume for the year and implies a firmer second half of 2026 [[^]](https://www.mba.org/news-and-research/newsroom/news/2026/08/26/mortgage-applications-decrease-in-latest-mba-weekly-survey)[[^]](https://www.nar.realtor/news/economists-outlook/the-**market**-dynamics-of-august-sales-inventory-and-buyer-trends)[[^]](https://seekingalpha.com/article/4941733-ai-biggest-threat-isnt-ai-its-the-fed)[[^]](https://www.youtube.com/watch?v=ppkePDTyvDU)[[^]](https://seekingalpha.com/article/4941731-sp500-gets-rate-hike-reality-check-fed-new-chief)[[^]](https://invezz.com/news/2026/08/31/top-nasdaq-composite-and-sp-500-news-to-watch-this-week/)[[^]](https://seekingalpha.com/article/4941579-the-increased-uncertainty-increasing-the-appeal-of-cash-like-allocations)[[^]](https://img03.en25.com/Web/MortgageBankersAssociation/%7B6fe8f49b-0d62-4b51-89ab-ecb8bb4ba1dc%7D_Mortgage_Finance_Forecast_Aug_2026.pdf). Specifically, the total existing-home sales for Q3 are projected at 4.454 million, seasonally adjusted annual rate (SAAR) [[^]](https://www.mba.org/news-and-research/newsroom/news/2026/08/26/mortgage-applications-decrease-in-latest-mba-weekly-survey)[[^]](https://www.nar.realtor/news/economists-outlook/the-**market**-dynamics-of-august-sales-inventory-and-buyer-trends)[[^]](https://seekingalpha.com/article/4941733-ai-biggest-threat-isnt-ai-its-the-fed)[[^]](https://www.youtube.com/watch?v=ppkePDTyvDU)[[^]](https://seekingalpha.com/article/4941731-sp500-gets-rate-hike-reality-check-fed-new-chief)[[^]](https://invezz.com/news/2026/08/31/top-nasdaq-composite-and-sp-500-news-to-watch-this-week/)[[^]](https://seekingalpha.com/article/4941579-the-increased-uncertainty-increasing-the-appeal-of-cash-like-allocations)[[^]](https://img03.en25.com/Web/MortgageBankersAssociation/%7B6fe8f49b-0d62-4b51-89ab-ecb8bb4ba1dc%7D_Mortgage_Finance_Forecast_Aug_2026.pdf).

## How do August 2026 forecasts from economists at Fannie Mae and other major institutions compare to the July 2026 sales rate of 4.06 million?

Fannie Mae August 2026 Existing Home Sales Projection | 4.053 million units [[^]](https://www.fanniemae.com/media/58011/display) |
BMO Economics August 2026 Existing Home Sales Projection | 4.05 million units [[^]](https://economics.bmo.com/media/filer_public/7b/62/7b6218d5-4f6e-4856-bee4-744692d55f48/outlookus.pdf) |
July 2026 Existing Home Sales Rate | 4.06 million units [[^]](https://www.reuters.com/business/us-existing-home-sales-post-second-straight-monthly-decline-july-2026-08-11/)[[^]](https://www.realtor.com/research/existing-home-sales-july-2026/)[[^]](https://economics.td.com/us-existing-home-sales) |

**Economists anticipate August 2026 existing home sales to remain subdued**

Economists anticipate August 2026 existing home sales to remain subdued. Both Fannie Mae and BMO Economics project August 2026 existing home sales to be approximately 4.05 million units. Fannie Mae's August 2026 Housing Forecast specifically anticipates 4.053 million existing home sales, aligning with their third-quarter projection for single-family, condo, and co-op sales [[^]](https://www.fanniemae.com/media/58011/display). BMO Economics forecasts August 2026 existing home sales at an annualized rate of 4.05 million units [[^]](https://economics.bmo.com/media/filer_public/7b/62/7b6218d5-4f6e-4856-bee4-744692d55f48/outlookus.pdf). These projections are consistent with or slightly below the July 2026 existing home sales rate, which was 4.06 million units (seasonally adjusted annual rate). This July figure represented a **1.7%** decrease from the previous month [[^]](https://www.reuters.com/business/us-existing-home-sales-post-second-straight-monthly-decline-july-2026-08-11/)[[^]](https://www.realtor.com/research/existing-home-sales-july-2026/)[[^]](https://economics.td.com/us-existing-home-sales).

High mortgage rates and affordability issues continue to depress sales. Economists widely characterized the July 2026 sales pace as subdued, primarily attributing it to high mortgage rates, which were trending towards **6.7%**-**6.8%**, and ongoing affordability constraints [[^]](https://economics.td.com/us-existing-home-sales). These factors are expected to continue to depress future sales [[^]](https://economics.td.com/us-existing-home-sales). The official Existing-Home Sales data for August 2026 is scheduled for release on September 10, 2026, by the National Association of Realtors [[^]](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales).

## How do key market conditions in August 2026, such as inventory levels and affordability, compare to the pre-pandemic market of August 2019?

July 2026 Existing Home Sales | 4.06 million SAAR [[^]](http://economy.fedprimerate.com/2019/09/usa-hard-data-usa-existing-home-sales-august-2019.html?m=0)[[^]](https://theclose.com/news-housing-inventory-months-supply/) |
July 2026 Housing Inventory | 4.6-month supply [[^]](http://economy.fedprimerate.com/2019/09/usa-hard-data-usa-existing-home-sales-august-2019.html?m=0)[[^]](https://theclose.com/news-housing-inventory-months-supply/) |
August 2026 Existing Home Sales Prediction | Uncertainty around exceeding 4.00 million [[^]](https://www.hedgespx.com/market/kxehsales-26sep10-t4.00)[[^]](https://www.coinrithm.com/nl/voorspellingsmarkten/kalshi/kxehsales-26sep10) |

**The August 2026 housing market shows higher inventory and sales declines**

The August 2026 housing **market** shows higher inventory and sales declines. Compared to August 2019, the **market** indicates a higher inventory supply and significant affordability issues. For instance, US existing home sales decreased from 5.49 million seasonally adjusted annual rate (SAAR) in August 2019 to 4.06 million SAAR by July 2026 [[^]](http://economy.fedprimerate.com/2019/09/usa-hard-data-usa-existing-home-sales-august-2019.html?m=0)[[^]](https://theclose.com/news-housing-inventory-months-supply/). Concurrently, housing inventory increased from a 4.1-month supply in August 2019 to a 4.6-month supply in July 2026 [[^]](http://economy.fedprimerate.com/2019/09/usa-hard-data-usa-existing-home-sales-august-2019.html?m=0)[[^]](https://theclose.com/news-housing-inventory-months-supply/). Although active listings have risen to their highest levels since late 2019, the months of supply remain elevated due to a slower sales pace [[^]](http://economy.fedprimerate.com/2019/09/usa-hard-data-usa-existing-home-sales-august-2019.html?m=0)[[^]](https://theclose.com/news-housing-inventory-months-supply/).

The 2026 housing **market** is increasingly "K-shaped" due to affordability. This **market** is characterized as bifurcated, with high-tier inventory and buyer activity remaining resilient [[^]](https://www.realtor.com/research/housing-alignment-2026/)[[^]](https://mediaroom.realtor.com/2026-08-19-Americas-Housing-**Market**-Looks-More-Balanced,-Until-You-Look-at-Who-Is-Still-Shopping). Conversely, entry-level shoppers face substantial affordability constraints, effectively sidelining them from the **market** [[^]](https://www.realtor.com/research/housing-alignment-2026/)[[^]](https://mediaroom.realtor.com/2026-08-19-Americas-Housing-**Market**-Looks-More-Balanced,-Until-You-Look-at-Who-Is-Still-Shopping). Engagement for lower-priced homes in 2026 has fallen below the levels observed in 2019 [[^]](https://www.realtor.com/research/housing-alignment-2026/)[[^]](https://mediaroom.realtor.com/2026-08-19-Americas-Housing-**Market**-Looks-More-Balanced,-Until-You-Look-at-Who-Is-Still-Shopping). As of late August 2026, prediction markets reflect considerable uncertainty regarding whether US existing home sales for August 2026 will exceed 4.00 million [[^]](https://www.hedgespx.com/**market**/kxehsales-26sep10-t4.00)[[^]](https://www.coinrithm.com/nl/voorspellingsmarkten/kalshi/kxehsales-26sep10).

## What high-frequency data from Redfin, Zillow, or regional MLS reports can provide an early signal for the official NAR sales report?

Pending Sales (4 weeks ending Aug 23, 2026) | 307,830 (down 3.10% YoY, 1.10% WoW) [[^]](https://www.prnewswire.com/news-releases/redfin-reports-americans-are-leaving-areas-at-risk-of-poor-air-quality-mostly-because-theyre-expensive-302864433.html)[[^]](https://www.prnewswire.com/news-releases/redfin-reports-new-listings-hit-4-month-high-while-demand-slips-giving-serious-buyers-chance-to-get-a-deal-done-302861470.html)[[^]](https://www.zacks.com/stock/news/2979797/how-will-redfin-settlement-open-growth-avenues-for-rocket?cid=CS-STOCKNEWSAPI-FT-analyst_blog|company_news_finance_sector-2979797)[[^]](https://techcrunch.com/2026/08/24/zillow-and-redfin-settle-ftc-antitrust-case/)[[^]](https://www.reuters.com/legal/litigation/us-ftc-file-order-resolving-litigation-against-zillow-redfin-2026-08-24/)[[^]](https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html) |
Active Listings (4 weeks ending Aug 23, 2026) | 1,504,085 (up 1.60% YoY) [[^]](https://www.prnewswire.com/news-releases/redfin-reports-americans-are-leaving-areas-at-risk-of-poor-air-quality-mostly-because-theyre-expensive-302864433.html)[[^]](https://www.prnewswire.com/news-releases/redfin-reports-new-listings-hit-4-month-high-while-demand-slips-giving-serious-buyers-chance-to-get-a-deal-done-302861470.html)[[^]](https://www.zacks.com/stock/news/2979797/how-will-redfin-settlement-open-growth-avenues-for-rocket?cid=CS-STOCKNEWSAPI-FT-analyst_blog|company_news_finance_sector-2979797)[[^]](https://techcrunch.com/2026/08/24/zillow-and-redfin-settle-ftc-antitrust-case/)[[^]](https://www.reuters.com/legal/litigation/us-ftc-file-order-resolving-litigation-against-zillow-redfin-2026-08-24/)[[^]](https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html) |
Contract Fallout Rate (July 2026) | 14.00% [[^]](https://www.prnewswire.com/news-releases/redfin-reports-americans-are-leaving-areas-at-risk-of-poor-air-quality-mostly-because-theyre-expensive-302864433.html)[[^]](https://www.prnewswire.com/news-releases/redfin-reports-new-listings-hit-4-month-high-while-demand-slips-giving-serious-buyers-chance-to-get-a-deal-done-302861470.html)[[^]](https://www.zacks.com/stock/news/2979797/how-will-redfin-settlement-open-growth-avenues-for-rocket?cid=CS-STOCKNEWSAPI-FT-analyst_blog|company_news_finance_sector-2979797)[[^]](https://techcrunch.com/2026/08/24/zillow-and-redfin-settle-ftc-antitrust-case/)[[^]](https://www.reuters.com/legal/litigation/us-ftc-file-order-resolving-litigation-against-zillow-redfin-2026-08-24/)[[^]](https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html) |

**High-frequency housing data indicates softening demand and rising supply**

High-frequency housing data indicates softening demand and rising supply. Indicators such as Redfin's housing **market** tracker and Zillow sales count nowcasts serve as early signals for the official NAR sales report [[^]](https://www.zillow.com/research/data/)[[^]](https://www.redfin.com/news/data-center/). For the August 2026 NAR existing home sales report, the strongest read-through from high-frequency data points to softening demand accompanied by still-rising supply [[^]](https://www.prnewswire.com/news-releases/redfin-reports-americans-are-leaving-areas-at-risk-of-poor-air-quality-mostly-because-theyre-expensive-302864433.html)[[^]](https://www.prnewswire.com/news-releases/redfin-reports-new-listings-hit-4-month-high-while-demand-slips-giving-serious-buyers-chance-to-get-a-deal-done-302861470.html)[[^]](https://www.zacks.com/stock/news/2979797/how-will-redfin-settlement-open-growth-avenues-for-rocket?cid=CS-STOCKNEWSAPI-FT-analyst_blog|company_news_finance_sector-2979797)[[^]](https://techcrunch.com/2026/08/24/zillow-and-redfin-settle-ftc-antitrust-case/)[[^]](https://www.reuters.com/legal/litigation/us-ftc-file-order-resolving-litigation-against-zillow-redfin-2026-08-24/)[[^]](https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html). Redfin data specifically shows weakening pending sales in early-to-mid August, alongside increases in new and active listings, which collectively suggest an increase in buyer leverage [[^]](https://www.prnewswire.com/news-releases/redfin-reports-americans-are-leaving-areas-at-risk-of-poor-air-quality-mostly-because-theyre-expensive-302864433.html)[[^]](https://www.prnewswire.com/news-releases/redfin-reports-new-listings-hit-4-month-high-while-demand-slips-giving-serious-buyers-chance-to-get-a-deal-done-302861470.html)[[^]](https://www.zacks.com/stock/news/2979797/how-will-redfin-settlement-open-growth-avenues-for-rocket?cid=CS-STOCKNEWSAPI-FT-analyst_blog|company_news_finance_sector-2979797)[[^]](https://techcrunch.com/2026/08/24/zillow-and-redfin-settle-ftc-antitrust-case/)[[^]](https://www.reuters.com/legal/litigation/us-ftc-file-order-resolving-litigation-against-zillow-redfin-2026-08-24/)[[^]](https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html). Regional MLS-style proxy reports, including those from Realtor.com, further corroborate this trend, indicating slower turnover, higher inventory in the Midwest and Northeast, and weaker pending sales in the West and South [[^]](https://www.prnewswire.com/news-releases/redfin-reports-americans-are-leaving-areas-at-risk-of-poor-air-quality-mostly-because-theyre-expensive-302864433.html)[[^]](https://www.prnewswire.com/news-releases/redfin-reports-new-listings-hit-4-month-high-while-demand-slips-giving-serious-buyers-chance-to-get-a-deal-done-302861470.html)[[^]](https://www.zacks.com/stock/news/2979797/how-will-redfin-settlement-open-growth-avenues-for-rocket?cid=CS-STOCKNEWSAPI-FT-analyst_blog|company_news_finance_sector-2979797)[[^]](https://techcrunch.com/2026/08/24/zillow-and-redfin-settle-ftc-antitrust-case/)[[^]](https://www.reuters.com/legal/litigation/us-ftc-file-order-resolving-litigation-against-zillow-redfin-2026-08-24/)[[^]](https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html).

Key Redfin metrics confirm declining sales and increasing inventory. According to Redfin's weekly housing **market** reports for the four weeks ending August 23, 2026, pending sales experienced a week-over-week decline and were down **3.10%** year over year, totaling 307,830 pending sales [[^]](https://www.prnewswire.com/news-releases/redfin-reports-americans-are-leaving-areas-at-risk-of-poor-air-quality-mostly-because-theyre-expensive-302864433.html)[[^]](https://www.prnewswire.com/news-releases/redfin-reports-new-listings-hit-4-month-high-while-demand-slips-giving-serious-buyers-chance-to-get-a-deal-done-302861470.html)[[^]](https://www.zacks.com/stock/news/2979797/how-will-redfin-settlement-open-growth-avenues-for-rocket?cid=CS-STOCKNEWSAPI-FT-analyst_blog|company_news_finance_sector-2979797)[[^]](https://techcrunch.com/2026/08/24/zillow-and-redfin-settle-ftc-antitrust-case/)[[^]](https://www.reuters.com/legal/litigation/us-ftc-file-order-resolving-litigation-against-zillow-redfin-2026-08-24/)[[^]](https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html). New listings increased, consequently pushing active listings higher to 1,504,085, an increase of **1.60%** year over year, while months of supply reached 3.80 [[^]](https://www.prnewswire.com/news-releases/redfin-reports-americans-are-leaving-areas-at-risk-of-poor-air-quality-mostly-because-theyre-expensive-302864433.html)[[^]](https://www.prnewswire.com/news-releases/redfin-reports-new-listings-hit-4-month-high-while-demand-slips-giving-serious-buyers-chance-to-get-a-deal-done-302861470.html)[[^]](https://www.zacks.com/stock/news/2979797/how-will-redfin-settlement-open-growth-avenues-for-rocket?cid=CS-STOCKNEWSAPI-FT-analyst_blog|company_news_finance_sector-2979797)[[^]](https://techcrunch.com/2026/08/24/zillow-and-redfin-settle-ftc-antitrust-case/)[[^]](https://www.reuters.com/legal/litigation/us-ftc-file-order-resolving-litigation-against-zillow-redfin-2026-08-24/)[[^]](https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html). The median days on **market** remained elevated at 44, and the prevalence of price cuts remained high, with only **26.30%** of homes selling above their list price [[^]](https://www.prnewswire.com/news-releases/redfin-reports-americans-are-leaving-areas-at-risk-of-poor-air-quality-mostly-because-theyre-expensive-302864433.html)[[^]](https://www.prnewswire.com/news-releases/redfin-reports-new-listings-hit-4-month-high-while-demand-slips-giving-serious-buyers-chance-to-get-a-deal-done-302861470.html)[[^]](https://www.zacks.com/stock/news/2979797/how-will-redfin-settlement-open-growth-avenues-for-rocket?cid=CS-STOCKNEWSAPI-FT-analyst_blog|company_news_finance_sector-2979797)[[^]](https://techcrunch.com/2026/08/24/zillow-and-redfin-settle-ftc-antitrust-case/)[[^]](https://www.reuters.com/legal/litigation/us-ftc-file-order-resolving-litigation-against-zillow-redfin-2026-08-24/)[[^]](https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html). The **market** remained tilted toward buyers in July 2026, with sellers outnumbering buyers by **51.30%**, and **14.00%** of home-sale agreements that went under contract in July ultimately fell through [[^]](https://www.prnewswire.com/news-releases/redfin-reports-americans-are-leaving-areas-at-risk-of-poor-air-quality-mostly-because-theyre-expensive-302864433.html)[[^]](https://www.prnewswire.com/news-releases/redfin-reports-new-listings-hit-4-month-high-while-demand-slips-giving-serious-buyers-chance-to-get-a-deal-done-302861470.html)[[^]](https://www.zacks.com/stock/news/2979797/how-will-redfin-settlement-open-growth-avenues-for-rocket?cid=CS-STOCKNEWSAPI-FT-analyst_blog|company_news_finance_sector-2979797)[[^]](https://techcrunch.com/2026/08/24/zillow-and-redfin-settle-ftc-antitrust-case/)[[^]](https://www.reuters.com/legal/litigation/us-ftc-file-order-resolving-litigation-against-zillow-redfin-2026-08-24/)[[^]](https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html).

These trends suggest a cautious August NAR existing home sales report. The confluence of these indicators implies a cautious backdrop for closings in the official NAR existing home sales report for August 2026, which is based on a monthly survey and scheduled for release on September 10, 2026 [[^]](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales/existing-home-sales-explained)[[^]](https://fred.stlouisfed.org/series/exhoslusm495s)[[^]](https://www.investing.com/economic-calendar/existing-home-sales-99)[[^]](https://tradingeconomics.com/united-states/existing-home-sales). The weakening trend in Redfin's pending sales, combined with the rise in active listings, an increase in months of supply, and elevated days on **market**, strongly supports this cautious outlook [[^]](https://www.prnewswire.com/news-releases/redfin-reports-americans-are-leaving-areas-at-risk-of-poor-air-quality-mostly-because-theyre-expensive-302864433.html)[[^]](https://www.prnewswire.com/news-releases/redfin-reports-new-listings-hit-4-month-high-while-demand-slips-giving-serious-buyers-chance-to-get-a-deal-done-302861470.html)[[^]](https://www.zacks.com/stock/news/2979797/how-will-redfin-settlement-open-growth-avenues-for-rocket?cid=CS-STOCKNEWSAPI-FT-analyst_blog|company_news_finance_sector-2979797)[[^]](https://techcrunch.com/2026/08/24/zillow-and-redfin-settle-ftc-antitrust-case/)[[^]](https://www.reuters.com/legal/litigation/us-ftc-file-order-resolving-litigation-against-zillow-redfin-2026-08-24/)[[^]](https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html). Additionally, contract fallout reaching a near-three-year high suggests that a portion of the under-contract volume may not convert into completed sales [[^]](https://www.prnewswire.com/news-releases/redfin-reports-americans-are-leaving-areas-at-risk-of-poor-air-quality-mostly-because-theyre-expensive-302864433.html)[[^]](https://www.prnewswire.com/news-releases/redfin-reports-new-listings-hit-4-month-high-while-demand-slips-giving-serious-buyers-chance-to-get-a-deal-done-302861470.html)[[^]](https://www.zacks.com/stock/news/2979797/how-will-redfin-settlement-open-growth-avenues-for-rocket?cid=CS-STOCKNEWSAPI-FT-analyst_blog|company_news_finance_sector-2979797)[[^]](https://techcrunch.com/2026/08/24/zillow-and-redfin-settle-ftc-antitrust-case/)[[^]](https://www.reuters.com/legal/litigation/us-ftc-file-order-resolving-litigation-against-zillow-redfin-2026-08-24/)[[^]](https://www.prnewswire.com/news-releases/with-buyers-firmly-in-the-drivers-seat-home-purchase-cancellations-hit-highest-level-in-nearly-3-years-302856984.html).

## Which regional markets, particularly the South and West, are poised to have the largest impact on the national sales rate for August 2026?

Midwest Jul 2026 Pending Sales YoY | +1.70% [[^]](https://247wallst.com/investing/2026/08/31/leading-economist-warns-chip-tariffs-could-make-the-ai-buildout-more-expensive/)[[^]](https://www.prnewswire.com/news-releases/genpact-names-priya-vijayarajendran-chief-product-and-platform-officer-302864514.html)[[^]](https://www.prnewswire.com/news-releases/swampscott-municipal-integrated-pest-management-program-achieves-43-reduction-in-rodent-activity-with-evolve-rat-302864436.html)[[^]](https://www.accessnewswire.com/newsroom/en/metals-and-mining/boron-one-holdings-inc.-project-update-1214165) |
South Aug 2026 Existing Sales MoM | -1.1% to 1.83 million [[^]](https://www.haver.com/articles/u-s-existing-home-sales-slip-in-august-after-july-s-rebound)[[^]](https://www.discountpropertyinvestor.com/blog/u-s-home-sales-drop-what-august-2026-means-for-investors)[[^]](https://www.investmentnews.com/alternatives/us-housing-market-flashes-mixed-signals-for-investors-in-august-2026/267986)[[^]](https://www.discountpropertyinvestor.com/blog/us-housing-market-august-2026-sales-slip-rates-hold) |
West Aug 2026 Existing Sales MoM | +1.4% to 730,000 [[^]](https://www.haver.com/articles/u-s-existing-home-sales-slip-in-august-after-july-s-rebound)[[^]](https://www.discountpropertyinvestor.com/blog/u-s-home-sales-drop-what-august-2026-means-for-investors) |

**The South and West regions are not projected to significantly influence the national existing-home-sales rate for August 2026**

The South and West regions are not projected to significantly influence the national existing-home-sales rate for August 2026. Instead, these regions are more likely to contribute to a softer national sales rate, contrasting with the Midwest, which exhibits stronger relative momentum [[^]](https://247wallst.com/investing/2026/08/31/leading-economist-warns-chip-tariffs-could-make-the-ai-buildout-more-expensive/)[[^]](https://www.prnewswire.com/news-releases/genpact-names-priya-vijayarajendran-chief-product-and-platform-officer-302864514.html)[[^]](https://www.prnewswire.com/news-releases/swampscott-municipal-integrated-pest-management-program-achieves-43-reduction-in-rodent-activity-with-evolve-rat-302864436.html)[[^]](https://www.accessnewswire.com/newsroom/en/metals-and-mining/boron-one-holdings-inc.-project-update-1214165). Pending home sales, a leading indicator typically closing within one to two months, offer insight into future existing-home sales [[^]](https://247wallst.com/investing/2026/08/31/leading-economist-warns-chip-tariffs-could-make-the-ai-buildout-more-expensive/)[[^]](https://www.prnewswire.com/news-releases/genpact-names-priya-vijayarajendran-chief-product-and-platform-officer-302864514.html)[[^]](https://www.prnewswire.com/news-releases/swampscott-municipal-integrated-pest-management-program-achieves-43-reduction-in-rodent-activity-with-evolve-rat-302864436.html)[[^]](https://www.accessnewswire.com/newsroom/en/metals-and-mining/boron-one-holdings-inc.-project-update-1214165). The July 2026 pending-home-sales report showed the Midwest with the strongest year-over-year momentum at +**1.70%**, while the South was weaker at -**3.00%**, and the West registered the weakest performance at -**7.10%** [[^]](https://247wallst.com/investing/2026/08/31/leading-economist-warns-chip-tariffs-could-make-the-ai-buildout-more-expensive/)[[^]](https://www.prnewswire.com/news-releases/genpact-names-priya-vijayarajendran-chief-product-and-platform-officer-302864514.html)[[^]](https://www.prnewswire.com/news-releases/swampscott-municipal-integrated-pest-management-program-achieves-43-reduction-in-rodent-activity-with-evolve-rat-302864436.html)[[^]](https://www.accessnewswire.com/newsroom/en/metals-and-mining/boron-one-holdings-inc.-project-update-1214165).

August 2026 existing-home sales data confirms regional **market** softness. Existing-home sales in the South declined by **1.1%** month-over-month to 1.83 million [[^]](https://www.haver.com/articles/u-s-existing-home-sales-slip-in-august-after-july-s-rebound)[[^]](https://www.discountpropertyinvestor.com/blog/u-s-home-sales-drop-what-august-2026-means-for-investors)[[^]](https://www.investmentnews.com/alternatives/us-housing-**market**-flashes-mixed-signals-for-investors-in-august-2026/267986)[[^]](https://www.discountpropertyinvestor.com/blog/us-housing-**market**-august-2026-sales-slip-rates-hold). This region is experiencing a shift toward a buyer's **market**, marked by rising inventory, cooling demand, and elevated foreclosure activity [[^]](https://www.haver.com/articles/u-s-existing-home-sales-slip-in-august-after-july-s-rebound)[[^]](https://www.discountpropertyinvestor.com/blog/u-s-home-sales-drop-what-august-2026-means-for-investors)[[^]](https://www.investmentnews.com/alternatives/us-housing-**market**-flashes-mixed-signals-for-investors-in-august-2026/267986)[[^]](https://www.discountpropertyinvestor.com/blog/us-housing-**market**-august-2026-sales-slip-rates-hold). Conversely, sales in the West increased by **1.4%** to 730,000 in August 2026, though affordability constraints continue to keep entry-level buyers on the sidelines [[^]](https://www.haver.com/articles/u-s-existing-home-sales-slip-in-august-after-july-s-rebound)[[^]](https://www.discountpropertyinvestor.com/blog/u-s-home-sales-drop-what-august-2026-means-for-investors). While some local exceptions were noted, the broad regional momentum is not being led by either the South or the West [[^]](https://247wallst.com/investing/2026/08/31/leading-economist-warns-chip-tariffs-could-make-the-ai-buildout-more-expensive/)[[^]](https://www.prnewswire.com/news-releases/genpact-names-priya-vijayarajendran-chief-product-and-platform-officer-302864514.html)[[^]](https://www.prnewswire.com/news-releases/swampscott-municipal-integrated-pest-management-program-achieves-43-reduction-in-rodent-activity-with-evolve-rat-302864436.html)[[^]](https://www.accessnewswire.com/newsroom/en/metals-and-mining/boron-one-holdings-inc.-project-update-1214165).

## What Could Change the Odds

**The National Association of Realtors (NAR) is scheduled to release the Existing Home Sales report for August 2026 on Thursday, September 10, 2026, at 10:00 a.m.** Eastern Time [[^]](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales)[[^]](https://fred.stlouisfed.org/releases/calendar?od=asc&rid=291&ve=2020-12-31&view=year&vs=2020-01-01)[[^]](https://fred.stlouisfed.org/releases/calendar?m=&ob=n&od=asc&rid=291&ve=2026-12-31&vs=2026-01-01&y=). Pending home sales data, which typically leads closed sales by one to two months, indicates that the upcoming report for August 2026 will likely show continued downward pressure on sales volume [[^]](https://calculatedrisk.substack.com/p/when-will-the-existing-home-sales)[[^]](https://www.homevaluepros.com/news/home-sales-fell-1-7-in-july-as-prices-hit-records).

**The US housing market in August 2026 is undergoing a "slow, stable rebalancing" rather than a crash [[^]](https://www.housingwire.com/articles/housing-demand-has-slowed-but-still-stable-for-now/).** This period is characterized by rising inventory, although still below pre-pandemic norms, and cooling buyer demand, with persistently high mortgage rates hovering around 6.6-**6.8%** [[^]](https://www.housingwire.com/articles/housing-demand-has-slowed-but-still-stable-for-now/)[[^]](https://www.investmentnews.com/alternatives/us-housing-**market**-flashes-mixed-signals-for-investors-in-august-2026/267986)[[^]](https://www.homevaluepros.com/news/home-sales-fell-1-7-in-july-as-prices-hit-records). Bullish catalysts include continued tightness of inventory, protecting home prices from significant declines, and resilient luxury **market** demand [[^]](https://www.investmentnews.com/alternatives/us-housing-**market**-flashes-mixed-signals-for-investors-in-august-2026/267986)[[^]](https://www.homevaluepros.com/news/home-sales-fell-1-7-in-july-as-prices-hit-records). Conversely, bearish catalysts include higher mortgage rates, contributing to a lock-in effect, falling pending sales, rising foreclosure filings, and entry-level buyers being priced out [[^]](https://www.investmentnews.com/alternatives/us-housing-**market**-flashes-mixed-signals-for-investors-in-august-2026/267986)[[^]](https://www.homevaluepros.com/news/home-sales-fell-1-7-in-july-as-prices-hit-records). As of late August 2026, the 30-year fixed mortgage rate averaged **6.66%** [[^]](https://alfred.stlouisfed.org/release?rd=2026-08-27&rid=190). Renters' expected mobility declined to its lowest level since 2014 as of August 2026, impacted by perceptions of high mortgage rates and home prices [[^]](https://libertystreeteconomics.newyorkfed.org/2026/08/why-do-fewer-renters-expect-to-move/)[[^]](https://www.newyorkfed.org/microeconomics/topics/housing). Early August 2026 CME FedWatch data indicated the **market** was pricing in one rate hike for the remainder of 2026, reflecting a focus on inflation control [[^]](https://www.cmegroup.com/newsletters/rates-recap/2026-08-rates-recap.html).

## Key Dates & Catalysts

- **Expiration:** September 17, 2026
- **Closes:** September 10, 2026

## Decision-Flipping Events

- The National Association of Realtors (NAR) is scheduled to release the Existing Home Sales report for August 2026 on Thursday, September 10, 2026, at 10:00 a.m.
- Eastern Time [^] [^] [^] .
- Pending home sales data, which typically leads closed sales by one to two months, indicates that the upcoming report for August 2026 will likely show continued downward pressure on sales volume [^] [^] .
- The US housing **market** in August 2026 is undergoing a "slow, stable rebalancing" rather than a crash [^] .

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## Historical Resolutions

**Historical Resolutions:** 16 markets in this series

**Outcomes:** 6 resolved YES, 10 resolved NO

**Recent resolutions:**

- KXEHSALES-26AUG11-T4.50: NO (Aug 11, 2026)
- KXEHSALES-26AUG11-T4.40: NO (Aug 11, 2026)
- KXEHSALES-26AUG11-T4.30: NO (Aug 11, 2026)
- KXEHSALES-26AUG11-T4.20: NO (Aug 11, 2026)
- KXEHSALES-26AUG11-T4.10: NO (Aug 11, 2026)

## Disclaimer

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### Data Sources & Model Transparency

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**Freshness:** Analysis is generated periodically and may not reflect the latest developments. Verify critical information from primary sources.

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