Saddle Brook, NJ — October 31, 2025 — 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.
“As the market continues to stabilize, we’re encouraged to see year-over-year growth in home sales and prices, even amid shifting conditions,” said Jorge Ledesma, CEO of Greater Bergen REALTORS®. “With mortgage rates easing and buyer confidence returning, we’re optimistic that the months ahead will bring renewed momentum and more opportunities for both buyers and sellers across our region.”
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.
Highlights From September 2025 Report
- Single Family Closed Sales decreased 3.4 percent to 426.
- Townhouse-Condo Closed Sales decreased 8.6 percent to 171.
- Adult Communities Closed Sales remained flat at 4.
- Single Family Median Sales Price was up 6.1 percent to $820,000.
- Townhouse-Condo Median Sales Price was up 10.9 percent to $499,000.
- Adult Communities Median Sales Price was up 144.2 percent to $1,093,000.
Click Here for the full ShowingTime Report for the month of September 2025