US – Aug Existing Home Sales

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US – Aug Existing Home Sales

11/09/2026 10:33 am MYT

Existing home sales in Aug fell by 2.0% month‑on‑month to a seasonally adjusted annual rate (SAAR) of 3.98 mln units. On a yearly basis, sales fell by 1.2% (figure 1). The median existing‑home price increased by 1.6% from a year earlier to US$429,100.

Single‑family home sales dropped by 1.9% month-on-month and fell by 1.1% on a yearly basis to a SAAR of 3.62 mln units. The median price for existing single‑family homes rose 1.7% year‑on‑year to US$434,800.

Meanwhile, existing condominium and co‑op sales declined by 2.7% both month-on-month and year-on-year, reaching a SAAR of 360,000 units. The median condominium price rose by 1.5% year‑on‑year to US$371,600.

Total housing inventory rose by 3.2% and 5.9% on a monthly and yearly basis, respectively to 1.62 mln units. This represents 4.9 months of supply at the current sales pace.

Note from Publisher

Malaysia's recent high-profile mismanagement and corruption cases, including those involving Tabung Haji and FELDA, serve as a stark reminder of the enormous cost corruption can impose on the country. Corruption is not merely a matter of money being lost; it undermines public institutions, erodes trust in government and diverts resources away from the people who are meant to benefit from them. Worse still, taxpayers and ordinary citizens ultimately bear the cost.

Malaysia has made progress in strengthening its anti-corruption framework, but recent cases show that much more needs to be done. Governance needs to be urgently strengthened; there should be greater internal control and effective oversight. Enforcement must be consistent, and those found guilty must face meaningful consequences regardless of their political connections or status. Malaysia cannot achieve sustainable economic development if corruption continues to undermine public confidence and waste national resources. The fight against corruption must therefore be intensified—not only to punish wrongdoing, but to protect the country's institutions, finances and future.

The fight against corruption cannot depend solely on the MACC or other enforcement agencies. Malaysia needs a culture of integrity across both the public and private sectors.

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