Housing Report September 2025, 10/28/2025
Bottom Line: Nationally - Market is slowing down / stabilizing
Nationally, home prices declined -1.8% to $415,200 from August to September but rose +2.1% from September 2024. Month over month unit sales rose +1.5% to 4.06 million and year over year rose +4.1%. Days on market rose to 33 days from 31 days August 2025 and 28 days in September 2024. Months of inventory remained at 4.6 months in September but rose from 4.2 months in September 2024. September sales improved slightly as mortgage rates eased, active listings rose to 1.1 million up 17% year over year and 19.9% of active listings had price reductions.
Bottom Line: Essex County - Market is Slowing
From August to September 2025, home / condo prices and units sold fell and the number of active listings and days on market rose. Year over year, single family home prices rose but condo prices fell. Units sold and active listings rose for homes / condos and days on market fell for homes but rose for condos. 12.2% of September’s active listings had a price reductions. 30 Yr Mortgage rate averaged 6.3% in September. Today’s rate is 6.13% (Mortgage News Daily).
To view data for every Essex County town,
- To view data for every Essex County town, http://www.sullivanteam.com/Properties/Reports/Public/Charts.php
- To Download the full housing report go to: http://sullivanteam.com/pages/EssexCountyHousingReports
