US Home Sales Rise Amid Mortgage Rate Decline September 2025

U.S. housing markets showed signs of recovery in September 2025, boosted by declining mortgage rates and increasing home sales across various states. Nationally, existing home sales rose 1.5% from August to a seasonally adjusted annual rate of 4.06 million units, marking the fastest pace since February, with median prices reaching a record $415,200 for September. Regional data reflected mixed trends: Carson City saw a 30.2% sales increase and a 10% rise in median prices, while Delaware experienced a 2.8% sales increase but a slight decline in median home prices. Florida's market showed a 13.6% increase in single-family home sales, aided by sellers adjusting prices and buyers responding to Federal Reserve rate cuts, with median prices dropping in areas like North Port. Palm Beach County recorded a 21.6% increase in closed sales and robust demand for single-family homes, maintaining steady median prices, although condominium prices declined, indicating affordability challenges. Overall, the modest inventory growth and lower mortgage rates have encouraged buyer activity, creating more balanced market conditions across many U.S. housing markets.