The National Association of Realtors is reporting that existing home sales were up 1.5% in September, 2025 to a seasonally-adjusted annual rate of 4.06 million. Total housing inventory at the end of September was 1.55 million units, down 1.3% from August but up 14% from one year ago. Unsold inventory sits at a 4.6-month supply at the current sales rate with properties remaining on the market for around 33 days. The median existing-home price for all housing types in September was $415,200 – the 27th consecutive month of year-over-year price increases. The NAR says inventory is at a 5-year high with falling interest rates:
“As anticipated, falling mortgage rates are lifting home sales…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.” Said the NAR’s Chief Economist, Lawrence Yun.
Click here to read the full release at the National Association of Realtors.
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