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Fewer home sales and higher median prices can happen together

The video proposes that some pandemic-era purchases moved future demand earlier, then discusses the June 2025 existing-home sales report.

By Eric Hamilton · Published October 6, 2026

Originally uploaded August 1, 2025 · 1:20 · Watch on YouTube

Written companion added October 6, 2026. Adapted from Eric’s video captions with source checks; not a word for word transcript. The recording retains its original date.

Separate a theory from a measured result

The idea of demand being pulled forward is an interpretation. The claim that three to five years of purchases occurred within 18 months is not established by evidence in the excerpt. Sales activity can reflect multiple forces, including affordability and the number of homes available.

Read the historical figures correctly

NAR's July 2025 release reported June existing-home sales at a seasonally adjusted annual pace of 3.93 million, down 2.7% from May. That is an annualized rate, not 3.93 million homes sold in June. The reported national median price was $435,300, up 2% from a year earlier.

Do not turn the median into a home-value promise

The median reflects the middle transaction price and can be affected by which homes sell. It does not mean each property appreciated 2%. Use local comparable sales and your own purchase costs when evaluating an opportunity. Slower sales alone do not establish either an inevitable crash or a guaranteed bargain.

Are these current market numbers?

No. They are the figures cited in the original June 2025 report, subject to later revisions.

Sources and scope

Published August 1, 2025. Published August 2025 using the July release of June data.

  1. Original video: Did We Buy Too Many Houses During COVID? Accessed October 6, 2026
  2. CFPB: Decide whether it is the right time to buy Accessed October 6, 2026
  3. NAR: June 2025 existing-home sales release Accessed October 6, 2026

General education, not a loan quote, approval or an individual recommendation. Ask the appropriate professional about your situation.

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