Prospective buyers visit an open house in West Hempstead, New York. Raychel Brightman/Newsday RM via Getty Images Existing home sales fell in August, according to the National Association of Realtors. While the market seems to be cooling off, it's partly because prices are too high for many buyers. The median existing home jumped to $356,700 last month, a 14.9% increase from 2020. See more stories on Insider's business page. The housing market cooled off slightly last month, but that's not exactly good news for homebuyers.