REAL ESTATE UPDATE: OCTOBER 2025


		Lisa McCarthy Lisa's Real Estate News and Information!

Here’s the latest news and headlines on property investments, housing, mortgages, refinancing, and real estate markets.

In August 2025, the U.S. median listing price held steady at $429,990. Active listings grew nearly 21% year-over-year, topping 1 million for the fourth consecutive month. Homes spent a median of 60 days on market, up slightly from last year, while new listings grew more modestly at just under 5%, reflecting ongoing caution from sellers.

U.S. Housing Snapshot – August 2025

Overall, the market shows steady pricing, more options for buyers, and signs of a slower pace that may benefit those shopping this fall.

Key National Statistics

Median Listing Price: $429,990 (0.0% year-over-year)
Active Listings: 1,098,681 (20.9% year-over-year)
New Listings: 402,268 (4.9% year-over-year)
Median Days on Market: 60 days (13.2% longer than last year)

Market Trends

Inventory Recovery Slowing: Listings continue to rise, though at a gentler pace compared to earlier this year.
Sellers Remain Reluctant: Many homeowners are still cautious about listing, contributing to a gradual recovery in supply.
Homes Sitting Longer: Properties are taking about a week longer to sell than last year, suggesting buyers have more time and choice.

Source

Realtor.com: U.S. Housing Market Data (Aug 2025)

“The ever-so-slight improvement in housing affordability is inching up home sales. Wage growth is now comfortably outpacing home price growth, and buyers have more choices.”

— Lawrence Yun, NAR Chief Economist

View more national summary and stats here

		3 reasons affordability is improving this fall
		Mortgage rates climbed, prices surged, and budgets were stretched thin. But this fall, the numbers are finally starting to shift in a more positive direction.

		Builders Counting on Lower Rates to Break the Traffic Jam
		Builder confidence levels continued kicking a sad little can down the same long and lonesome road. The September National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) held flat at 32, extending the streak to 17 consecutive months below the key 50 mark that separates expansion from contraction. While the overall index isn't pretty, there was some positive movement in the component index that focuses on sales expectations over the next 6 months, which rose to its highest levels in 6 months. These expectations are responsible for keeping overall confidence from sinking to new long-term lows--largely weighed down by historically low buyer traffic. With affordability being a key concern, the recent drop in mortgage rates could help break that traffic jam, assuming it sticks. The rate outlook got a bit fuzzier in the 2nd half of the week as the average 30yr fixed rate ticked up somewhat sharply from the lowest levels in a year to the highest levels in 2 weeks.  [thirtyyearmortgagerates] Pricing pressure remains widespread. NAHB reported that 36% of builders cut home prices in September, with an average reduction of 5%. Meanwhile, 64% of builders offered sales incentives—still an elevated share by historical standards. Regionally, confidence was weakest in the West, where affordability challenges are most severe. The South tracked near the national average, while the Midwest and Northeast held relatively steadier, reflecting the persistent gap between high-cost and lower-cost housing markets.

Questions on sales — nationwide or right here in our neighborhood?

I’m always here to help with questions on buying, selling, or anything home.

NewPanda Help Team | (800) 298-5055 | [email protected]


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Lisa McCarthy

513-256-2629

[email protected]