Existing Home Sales Reach 3.99 Million Rate, Still 2.2% Below Year Ago

Existing-home inventory reached 1.60 million units in September, up 4.6% from a year earlier, while sales were still running 2.2% below last September. The National Association of REALTORS® reported the figures on October 13, 2026. Its seasonally adjusted annual sales rate rose 1.5% from August to 3.99 million, but the year-over-year gap and a supply measure of 4.8 months show why one monthly gain is not yet a demand recovery.
The inventory increase is meaningful for buyers, but it has not produced a broad release of pent-up demand. At the September sales pace, the national market had roughly 4.8 months of supply, unchanged from August and up from 4.5 months a year earlier. That is more choic…
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