2nd Look at Local Housing Markets in October
Tracking local data gives us an early look at what happened the previous month and also reveals regional differences in both sales and inventory.
October sales will be mostly for contracts signed in August and September, and mortgage rates averaged 6.59% in August and 6.35% in September (lower than for closed sales in September).
Closed Sales in October
In October, sales in these early reporting markets were up 0.4% YoY. Last month, in September, these same markets were up 7.6% year-over-year Not Seasonally Adjusted (NSA).
Important: There were the same number of working days in October 2025 (22) as in October 2024 (22). So, the year-over-year change in the headline SA data will be similar to the change in NSA data (there are other seasonal factors).
Notes for all tables:
New additions to table in BOLD.
Northwest (Seattle), Jacksonville Source: Northeast Florida Association of REALTORS®
Totals do not include Atlanta (included in state total)
Comparison to 2019 ONLY includes local markets with available 2019 data!
For the previous month (September), there were one more working days in September 2025 (21) as in September 2024 (20). So, the year-over-year change in the headline SA data was lower than the NSA data suggested (there are other seasonal factors).
Sales in all of these markets are down sharply compared to October 2019.
This graph shows existing home sales by month for 2024 and 2025, on a Seasonally Adjusted Annual Rate (SAAR) basis. Last year, the NAR reported sales in October 2024 were at 4.03 million SAAR.
This early data suggests that October existing sales (as reported by the NAR) will be close to the same level as sales in September (SA) and might be up slightly year-over-year.
New Listings in October
For these areas, new listings were up 4.0% year-over-year.
Last month, new listings in these markets were up 6.2% year-over-year.
New listings have picked up a little, but are still down 7.2% compared to October 2019 activity for these markets.
Active Inventory in October
Inventory was up 18.1% year-over-year. Last month inventory in these markets was up 20.5% YoY.
Comparing to October 2019, inventory is up sharply in Phoenix and down in San Diego. There are significant regional differences in inventory.
This was just several more early reporting markets. Many more local markets to come!