Inventory of Homes for Sale Remains Constrained [Infographic]

U.S. Housing Market Report for September 2023 - Infographic

September 2023 Highlights

  • Homebuyers contend with high prices, high mortgage rates, and lower inventory than in September 2022.
  • The total number of unsold homes, including those under contract, decreased by 7.15% compared to last year.
  • Home sellers were less active, with 9.1% fewer newly listed homes compared to September 2022.
  • The median price of homes for sale increased by 0.4% annually.
  • Homes spent 48 days on the market, only one day longer than last year.