September US Existing Home Sales Rise as Expected, Supply Matches Five-Year High

10:00 AM EDT, 10/23/2025 (MT Newswires) -- The pace of US existing home sales rose by 1.5% to a 4.06 million seasonally adjusted annual rate in September from 4.00 million in August, as expected in a survey compiled by Bloomberg as of 7:40 am ET, data from the National Association of Realtors released Thursday showed.

The rate of sales was the highest since February and was up 4.1% from a year earlier.

"As anticipated, falling mortgage rates are lifting home sales," said National Association of Realtors Chief Economist Lawrence Yun. "Improving housing affordability is also contributing to the increase in sales."

Sales of single-family homes were up 1.7%, while condominium sales held steady.

Sales were up in three out of four regions of the country compared with the previous month, falling only in the Midwest region. It also increased in three of the four regions from a year earlier and held steady in the West region.

Homes remained on the market an average of 33 days, up from both 31 days in August and 28 days a year ago.

The supply of homes for sale increased to 1.55 million homes in September from 1.53 million in August and jumped by 14% from the 1.36 million level a year ago.

"Inventory is matching a five-year high, though it remains below pre-COVID levels," Yun said. "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."

The month supply on market remained at 4.6 months for the third straight month but was higher than the 4.2 months supply a year ago.

The median home price declined to $415,200 from $422,400 and was up 2.1% from the $406,700 level one year ago.

The monthly existing home sales report from the National Association of Realtors measures sales of single-family and multi-family homes for resale at the time of closing, including the number of existing homes available and the median sales price. A strong reading is a positive sign for mortgage lenders and related consumer product companies.

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