September Existing-Home Sales Rose 1.5% in August, 4.1% YOY

Washington, DC, October 23, 2025-Existing-home sales increased by 1.5% month-over-month in September, according to the National Association of Realtors Existing-Home Sales Report. 

Month-over-month sales increased in the Northeast, South and West, and fell in the Midwest. Year-over-year, sales rose in the Northeast, Midwest and South, and remained flat in the West.

"As anticipated, falling mortgage rates are lifting home sales," said NAR chief economist Dr. Lawrence Yun. "Improving housing affordability is also contributing to the increase in sales."

"Inventory is matching a five-year high, though it remains below pre-Covid levels," Yun added. "Many homeowners are financially comfortable, resulting in very few distressed properties and forced sales. Home prices continue to rise in most parts of the country, further contributing to overall household wealth."

Total Existing-Home Sales for September

* 1.5% increase in existing-home sales month-over-month to a seasonally adjusted annual rate of 4.06 million.

* 4.1% increase in sales year-over-year.

Inventory in September

* 1.55 million units: Total housing inventory, up 1.3% from August and up 14.0% from September 2024 (1.36 million).

* 4.6-month supply of unsold inventory, no change from August and up from 4.2 months in September 2024.

Median Sales Price in September

* $415,200: Median existing-home price for all housing types, up 2.1% from one year ago ($406,700)-the 27th consecutive month of year-over-year price increases.