Housing Inventory<\/a> 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.<\/p>\nOne note here: unlike 2007-2011, even with the third year of the lowest home sales ever, when I adjust to our population from years 2022-2025, the monthly supply data has never broken above 5.0 months, whereas back from 2007-2011 it ranged between 8.3-10.8 months for the existing home sales market.<\/p>\n
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\u2019ve shown how the supply and demand equilibrium has been changing a bit starting in the summer.<\/p>\n
Conclusion<\/p>\n
It\u2019s not shocking to me that the last four months showed flat to 4.1% year-over-year growth in sales \u2014 its been my call from early in the year because, unlike the previous year, the forward-looking housing data wasn\u2019t as negative as it was in the first half of 2024. <\/p>\n
All in all, considering what we\u2019ve had to deal with in housing, 2025 is the healthiest year in the housing market post-COVID. Mortgage spreads are better, mortgage rates are lower, inventory is up, price growth has cooled and all the things that were issues before have improved in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"Total existing-home sales for September Total existing-home sales for September, From NAR: 1.5% increase in existing-home sales month-over-month…\n","protected":false},"author":2,"featured_media":100114,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[72,62142,32399,26556,26558,61,60,123],"class_list":["post-100113","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-existing-home-sales","tag-home-prices","tag-housing-inventory","tag-hwmember","tag-ie","tag-ireland","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/100113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=100113"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/100113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/100114"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=100113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=100113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=100113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}