The NAR is scheduled to release September Existing Home sales on Thursday, October 23rd at 10:00 AM. The consensus is for the NAR to report sales of 4.06 million SAAR. Last year, the NAR reported sales in September 2024 at 3.90 million SAAR.
Housing economist Tom Lawler expects the NAR to report sales of 4.00 million SAAR for September.
September sales will be mostly for contracts signed in July and August, and mortgage rates averaged 6.72% in July and 6.59% in August (lower than for closed sales in July).
In September, sales in these markets were up 8.2% YoY. Last month, in August, these same markets were down 2.5% year-over-year Not Seasonally Adjusted (NSA).
Important: There were one more working days in September 2025 (21) as in September 2024 (20). So, the year-over-year change in the headline SA data will be lower than the NSA data suggests (there are other seasonal factors).
Notes for all tables:
New additions to table in BOLD.
Northwest (Seattle), Jacksonville Source: Northeast Florida Association of REALTORS®
Totals do not include Atlanta and Denver (included in state totals)
Comparison to 2019 ONLY includes local markets with available 2019 data!
For the previous month (August), there were one fewer working days in August 2025 (21) as in August 2024 (22). So, the year-over-year change in the headline SA data was positive while the NSA data showed a decline (there are other seasonal factors).
Sales in all of these markets are down sharply compared to September 2019.
This graph shows existing home sales by month for 2024 and 2025, on a Seasonally Adjusted Annual Rate (SAAR) basis. Last year, the NAR reported sales in September 2024 were at 3.90 million SAAR, the low for the year.
This data suggests that September existing sales (as reported by the NAR) will be up year-over-year.
For these areas, new listings were up 6.6% year-over-year.
Last month, new listings in these markets were down 3.6% year-over-year.
New listings have slowed and are still down compared to September 2019 activity for these markets.
Inventory was up 18.8% year-over-year. Last month inventory in these markets was up 20.4% YoY.
Comparing to September 2019, inventory is up sharply in Phoenix and Jacksonville and down in Maryland and San Diego. There are significant regional differences in inventory.
More local markets to come after the NAR release.
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