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Existing-Home Sales Increase by 1.5% in September, According to National Association of Realtors

Strategic Insights

— 1 min read

Existing-home sales in the United States experienced a 1.5% increase in September, reaching a seasonally adjusted annual rate of 4.06 million, according to the latest report from the National Association of Realtors (NAR). This represents a 4.1% increase in sales compared to the same period last year. The median existing-home price in September increased to $415,200, up 2.1% from the previous year.

Key Takeaways:

  • Existing-home sales increased by 1.5% month-over-month in September, reaching a seasonally adjusted annual rate of 4.06 million.
  • The median existing-home price in September reached $415,200, up 2.1% from the previous year.
  • Unsold inventory increased by 1.3% from August, with a total of 1.55 million units available, representing a 4.6-month supply.
  • The Northeast region experienced a 2.1% increase in sales, while the Midwest and South regions saw a 2.1% decrease and 1.6% increase in sales, respectively.
  • The West region experienced the largest gain, with a 5.5% increase in sales.
  • The median time on market for properties increased to 33 days, up from 31 days in August and 28 days in September 2024.
  • 30% of sales were first-time homebuyers, up from 28% in July and 26% in September 2024.
  • 30% of transactions were cash sales, up from 28% a month ago and unchanged from September 2024.
  • 15% of transactions were individual investors or second-home buyers, down from 21% last month and 16% in September 2024.

Statistics:

  • 1.5% increase in existing-home sales month-over-month in September.
  • 4.1% increase in existing-home sales year-over-year in September.
  • 1.55 million units of unsold inventory in September, representing a 4.6-month supply.
  • $415,200 median existing-home price in September, up 2.1% from the previous year.
  • 33 days median time on market for properties in September, up from 31 days in August and 28 days in September 2024.
  • 30% of sales were first-time homebuyers in September, up from 28% in July and 26% in September 2024.

Sources:

  • National Association of Realtors. (2025, October 23). NAR Existing-Home Sales Report Shows 1.5% Increase in September.
  • National Association of Realtors. (2025, October 23). Existing-Home Sales for September.
  • National Association of Realtors. (2025, October 23). REALTORS(R) Confidence Index for September.
  • Freddie Mac. (2025, September). Mortgage Rates.
  • National Association of Realtors. (2025, October 23). REPORT: Existing-Home Sales for September.

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