W
ASHINGTON (Oct. 23, 2025) – September’s existing‑home sales rose 1.5 % from August, reaching a seasonally adjusted annual rate of 4.06 million units, the National Association of REALTORS® (NAR) reported. Year‑over‑year sales climbed 4.1 %. Total inventory stood at 1.55 million homes, a 1.3 % increase from August and 14 % above September 2024, giving a 4.6‑month supply that matches the 2024 level. The median price for all housing types was $415,200, up 2.1 % from a year earlier, marking the 27th straight month of gains.
**Single‑family homes**
- 1.7 % MoM rise, 3.69 million annual rate (4.5 % YoY).
- Median price $420,700, 2.3 % higher than last year.
**Condominiums & co‑ops**
- No MoM or YoY change; 370,000 units annually.
- Median price $360,300, 0.6 % lower than September 2024.
**Regional performance**
- **Northeast:** 2.1 % MoM increase, 490,000 annual, median $500,300 (+4.1 % YoY).
- **Midwest:** 2.1 % MoM decline, 940,000 annual, median $320,800 (+4.7 % YoY).
- **South:** 1.6 % MoM rise, 1.86 million annual, median $364,500 (+1.2 % YoY).
- **West:** 5.5 % MoM rise, 770,000 annual, median $619,100 (+0.4 % YoY).
**REALTORS® Confidence Index (September)**
- Median days on market: 33 (up from 31).
- First‑time buyers: 30 % (up from 28 % in July).
- Cash sales: 30 % (steady from September 2024).
- Investor/second‑home buyers: 15 % (down from 21 % last month).
- Distressed sales: 2 % (unchanged).
**Mortgage rates**
- Average 30‑year fixed: 6.35 % (down from 6.59 % in August, up from 6.18 % a year ago).
NAR’s Chief Economist, Dr. Lawrence Yun, noted that falling rates and improved affordability are driving the uptick, while inventory remains near a five‑year high yet still below pre‑COVID levels. Home prices continue to rise, bolstering household wealth.
**Upcoming releases**
- Pending Home Sales Index for September: Oct. 29.
- Existing‑home sales for October: Nov. 20.
All releases occur at 10 a.m. Eastern.
NAR’s data derive from Multiple Listing Services; it also benchmarks against other sources to capture non‑MLS transactions. The association’s REALTOR® mark identifies members who adhere to a strict Code of Ethics. For local MLS data, contact your regional REALTORS® association.
