Resale housing market turnover is near a 4-decade low—here’s how agents say the industry is shifting

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. In calendar year 2025, the U.S. recorded 4.06 million existing home sales—tying 2024 and coming in just below the 4.09 million recorded in 2023. That marks three straight years with the fewest U.S. existing home sales since 1995. However, when accounting for population growth, the slowdown is even more pronounced. The U.S. had around 99 million households in 1995, compared to roughly 135 million households in 2025. Adjusted for that larger population base, resale turnover over...