September Stats

Year-over-year, median prices are basically flat, but they did slip month-over-month for the 4^th month in a row. As always, take pricing with a grain of salt—it’s one of the trickiest stats to pin down. With September’s burst of activity and (slightly) lower interest rates, buyer demand will likely keep prices steady through the rest of the year.

Inventory now sits at 2.5 months—technically a balanced market. But here’s the kicker: this is the first time in a decade we’ve seen August’s months of inventory at this level. It feels dramatic because it’s new, but it’s not doomsday. Think of it as shifting from the freeway fast lane at 85 mph down to a solid 55 mph. Is it slower? Sure. But you’re still moving forward.

And the sky? Definitely not falling. Roughly one-third of homes are still selling at or above asking, and two-thirds are going under contract within 30 days. That’s not weakness—it’s recalibration toward a healthier, more sustainable pace.

Buyers: enjoy the breathing room, but stay sharp—19% of homes still sold with multiple offers last month.

Sellers: pricing and presentation matter more than ever. Nail both in the first two weeks if you want top results.