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RE/MAX REAL ESTATE NEWS
DENVER – Inventory was 20% higher year-over-year – as September became the 21st consecutive month of annual growth. Home sales in September were 8.5% higher than a year ago, marking the fourth month in 2025 where sales outpaced the previous year. Compared to August, sales declined 4.6% while inventory rose 3.1% – typical shifts for this time of year.
According to data from the 52 metro areas surveyed, buyers paid less for the third straight month as sellers accepted 98% of the asking price in September, down from 99% in both August 2025 and September 2024. The Median Sales Price in September was $439,000, a decrease of $6,000 (1.3%) from August but an increase of $9,000 (2.1%) compared to September 2024. This marked 27 consecutive months of year-over-year price gains. July’s median sales price of $450,000 was the highest recorded year to date.
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“Smart buyers are turning to their agents for strategic guidance – and it’s paying off, as many are still successfully negotiating favorable prices,” said REMAX CEO Erik Carlson. “At the same time, sellers can be confident in the continued demand for homes. As inventory grows and market dynamics shift, the months ahead may bring more balance to the market.”
While many markets experienced slightly lower median sales prices and longer days on market, Milwaukee, Wisconsin stood out in contrast, posting the largest year-over-year increase in median sales price (+11.5%) and ranked among the fastest-selling markets with an average of just 23 days on market.
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U.S. home sales dipped in August, falling 1.6% from August 2024 and 5.5% from July 2025. The slowdown coincided with the end of a 17-month streak of year-over-year growth in new listings, which dropped 5.9% year over year and 9.2% month over month.
Despite the drop in sales activity, inventory remained 24.4% higher than one year ago, although it eased down 0.4% from July. At the same time, the Median Sales Price rose 1.9% year over year to $448,000, marking the 26th consecutive month of annual price gains. Home prices have not declined year over year since June 2023. Month over month, however, prices slipped 0.6%, or $2,500.
Homes lingered on the market an average of 47 days in August—up eight days from a year ago and three days longer than July—according to data from the 51 metro areas surveyed.
“Housing market activity has recently been influenced by seasonal shifts and broader economic forces,” said Erik Carlson, CEO of RE/MAX Holdings, Inc. “While affordability remains a challenge in many areas, despite some recent improvements in mortgage rates, opportunities persist—especially in markets where prices have stabilized or inventory has improved. Buyers and sellers who stay informed and work with experienced agents are best positioned to navigate today’s market.”
Other metrics of note:
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