- Prior month 4.00 million
- Existing home sales for September came in as expected at 4.06 million.
- Sales increased +1.5% versus -0.2% last month .
- The sales pace is the highest pace in 7 months
- inventories 1.55 million units which is a five-year high. Inventories up 14% year on year
- 4.6-month supply of unsold inventory, no change from August and up from 4.2 months in September 2024.
- $415,200: Median existing-home price for all housing types, up 2.1% from one year ago ($406,700) – the 27th consecutive month of year-over-year price increases.
Regionally:
Northeast
- 2.1% increase in sales month-over-month to an annual rate of 490,000, up 4.3% year-over-year.
- $500,300: Median price, up 4.1% from September 2024.
Midwest
- 2.1% decrease in sales month-over-month to an annual rate of 940,000, up 2.2% year-over-year.
- $320,800: Median price, up 4.7% from September 2024.
South
- 1.6% increase in sales month-over-month to an annual rate of 1.86 million, up 6.9% year-over-year.
- $364,500: Median price, up 1.2% from September 2024.
West
- 5.5% increase in sales month-over-month to an annual rate of 770,000, with no change year-over-year.
- $619,100: Median price, up 0.4% from September 2024.
