Homebuyers Score Biggest Autumn Discounts Since 2019 as Market Competition Drops
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U.S. homebuyers are experiencing the largest autumn discounts since 2019, with only 25.3% of homes sold above their final list price in September, the lowest in six years. The average sale-to-list-price ratio fell to 98.6%, indicating homes sold for 1.4% less than their asking price. Although inventory rose earlier, recent months saw a slight decrease in listings, leading to modest price increases. The median sale price in September 2025 was $435,545, up 1.7% year-over-year. Existing-home sales reached their highest annual rate this year, aided by a drop in mortgage rates to 6.35%.
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