September Market Report

U.S. existing-home sales were virtually unchanged from the previous month, dipping just 0.2% to a seasonally adjusted annual rate of 4.0 million units, according to the National Association of REALTORS® (NAR). Most of these transactions went under contract in June and July, when mortgage rates were 40 to 50 basis points higher than current levels. Year- over-year, sales increased 1.8%, with the strongest activity occurring in the Midwest, where the typical home price is 22% below the national median.

New Listings increased 28.0 percent to 206. Pending Sales increased 30.6 percent to 141. Inventory increased 18.3 percent to 783.

Median Sales Price increased 2.9 percent from $276,900 to $285,000. Days on Market increased 27.6 percent to 74. Months Supply of Inventory increased 11.1 percent to 7.0.

Nationally, housing inventory declined for the first time this year, slipping 1.3% month-over -month to 1.53 million units, representing a 4.6-month supply at the current sales pace, according to NAR. Despite the monthly drop, total inventory remained 11.7% higher than the same time last year. Meanwhile, the median existing-home price rose 2% year-over-year to $422,600, though it was essentially flat compared to the prior month.

Curious about the current value of your home? Don’t hesitate to reach out to a member of the Kira Witherwax Team at RE/MAX North Country.

To view the full Market Report for September download the link below.

ACVMLS-September 2025- OCTOBER Release.pdf

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