2025.10.2314:08:39UTC+00US Existing Home Sales Rise in September

In September 2025, the United States experienced a 1.5% increase in existing home sales compared to the previous month, reaching an annualized rate of 4.06 million, the highest figure recorded in seven months. This growth, up from 4.0 million in August, was marginally below the market forecast of 4.1 million. The rise can be attributed to decreased mortgage rates and enhanced housing affordability. Specifically, sales of single-family homes increased by 1.7%, attaining a seasonally adjusted annual rate of 3.69 million, while the sales of condominiums and co-ops remained steady at 370,000 units. Regional sales saw varied trends; the Northeast rose by 2.1%, the South by 1.6%, and the West soared by 5.5%, whereas the Midwest experienced a decline of 2.1%. Total housing inventory rose by 1.3% to 1.55 million, equating to a 4.6-month supply of unsold inventory. The median price of existing homes across all housing types climbed 2.1% from the previous year to $415,200, marking the 27th consecutive month of year-over-year price increases. Additionally, on an annual basis, existing home sales increased by 4.1%.