by Calculated Danger on 10/27/2025 11:40:00 AM
Immediately, within the Calculated Danger Actual Property E-newsletter: Last Take a look at Housing Markets in September and a Look Forward to October Gross sales
A quick excerpt:
After the Nationwide Affiliation of Realtors® (NAR) releases the month-to-month present house gross sales report, I decide up extra native market knowledge that’s reported after the NAR. That is the ultimate take a look at native markets in September.
There have been a number of key tales for September:
• Gross sales NSA are down 0.2% YoY via September, and gross sales in 2024 had been the bottom since 1995!
• Gross sales SAAR (seasonally adjusted annual price) have bounced round 4 million for nearly 3 years.
• Months-of-supply is above pre-pandemic ranges (that is the best stage for the month of September since 2015).
• The median value is up 2.1% YoY, and with the will increase in stock, some regional areas will see additional value declines – and we’d see nationwide value declines later this 12 months or in 2026.
Gross sales at 4.06 million on a Seasonally Adjusted Annual Charge (SAAR) foundation had been on the consensus estimate.
Gross sales averaged shut to five.32 million SAAR for the month of September within the 2017-2019 interval. So, gross sales are about 24% under pre-pandemic ranges.
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In September, gross sales in these markets had been up 7.8% YoY. The NAR reported gross sales NSA had been up 8.2% year-over-year in September (shut).Vital: There have been yet one more working days in September 2025 (21) as in September 2024 (20). So, the year-over-year change within the headline SA knowledge was decrease than the NSA knowledge recommended (there are different seasonal components).
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Extra native knowledge coming in November for exercise in October!
There’s far more within the article.
