"Total existing-home sales for September, From NAR: 1.5% increase in existing-home sales month-over-month to a seasonally adjusted annual rate of 4.06 million. 4.1% increase in sales year-over-year. Based on our Housing Market Tracker data, we noticed a slight year-over-year pick-up in demand starting in the May/June period. Our pending contract data takes about 30-60 days to appear in the existing home sales report."
"4.6-month supply of unsold inventory, no change from August and up from 4.2 months in September 2024. Housing Inventory looks like it peaked in the NAR data at around 1.55 million, which brings nothing but a smile to my face. My goal for the housing market post-COVID was to have total housing inventory return to 1.52-1.93 million and achieve at least four months of supply; that is a healthy marketplace, and we got that in 2025."
"Home-price growth firmed up for the second month in a row, up 2.1% year over year. Two months ago it was 1%, last month it was 2% and in this report, prices picked up just a tad to 2.1%. For those that read our weekend tracker, we've shown how the supply and demand equilibrium has been changing a bit starting in the summer."
Existing-home sales increased 1.5% month-over-month to a seasonally adjusted annual rate of 4.06 million and rose 4.1% year-over-year. Housing Market Tracker data indicated a slight year-over-year pick-up in demand beginning in May/June, with pending contract data typically appearing 30–60 days later. Total housing inventory reached 1.55 million units, up 1.3% from August and up 14.0% year-over-year, representing a 4.6-month supply of unsold inventory. The inventory level returned to a target range of roughly 1.52–1.93 million and at least four months of supply in 2025. Home-price growth firmed to 2.1% year-over-year. Supply-and-demand equilibrium showed shifts starting in the summer, supporting recent sales growth.
Read at www.housingwire.com
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