Research and Statistics

Existing-home sales rose 1.5% in September 2025. Month-over-month sales increased in the Northeast, South, and West, and fell in the Midwest. Year-over-year, sales rose in the Northeast, Midwest, and South, and remained flat in the West. “As anticipated, falling mortgage rates are lifting home sales. Improving housing affordability is also contributing to the increase in sales,” says NAR Chief Economist Lawrence Yun.

In August 2025, Pending sales rose month-over-month in the Midwest, South, and West, and declined in the Northeast. Year-over-year, sales increased in all regions. According to NAR Chief Economist Lawrence Yun, “Lower mortgage rates are enabling more homebuyers to go under contract. In the Midwest, low mortgage rates combined with high levels of affordability are attracting more buyers compared to other regions.”