Inventory was 20% higher year-over-year – as September became the 21st consecutive month of annual growth. Home sales in September were 8.5% higher than a year ago, marking the fourth month in 2025 where sales outpaced the previous year. Compared to August, sales declined 4.6% while inventory rose 3.1% – typical shifts for this time of year.
According to data from the 52 metro areas surveyed, buyers paid less for the third straight month as sellers accepted 98% of the asking price in September, down from 99% in both August 2025 and September 2024. The Median Sales Price in September was $439,000, a decrease of $6,000 (1.3%) from August but an increase of $9,000 (2.1%) compared to September 2024. This marked 27 consecutive months of year-over-year price gains. July’s median sales price of $450,000 was the highest recorded year to date.
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