"Zillow's September 2025 housing market report reveals an unexpected surge of activity during what is typically real estate's slow season. A dip in mortgage rates -combined with a strong stock market-sparked renewed energy among both buyers and sellers after a sluggish August. New listings climbed 3% year over year in September, reversing the 3% decline a month earlier. On a monthly basis, listings dipped 2%, outperforming the historical average of a 9% tumble heading into the fall."
"According to Freddie Mac, the average 30-year fixed mortgage rate has dropped to about 6.19%, its lowest point of 2025. Meanwhile, existing-home sales rose to a seven-month high in September as affordability began to improve. And even as 15% of pending sales were canceled amid nervous buyers, Redfin's numbers show that sellers are adjusting expectations-making price cuts and accepting slower deals."
September 2025 showed unexpectedly strong housing-market activity as mortgage rates eased and stock-market strength renewed buyer and seller interest after a slow August. New listings increased 3% year over year, reversing the prior month's decline, while monthly listings fell only 2% versus a typical 9% seasonal drop. Total inventory slipped 1% month to month but stood 14% higher than a year earlier. Fifteen of the 50 largest metros moved into buyer's markets, up from six. Mortgage rates fell to about 6.19%, existing-home sales reached a seven-month high, and sellers increasingly make price cuts and accept slower deals.
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