Homes.com Report: Home Prices Edge Higher Even as Sales Decline and Inventory Expands
Growing inventory gave buyers more choices in September, while affordability concerns and sharply different local conditions shaped the market.
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Modest price growth, declining sales and expanding inventory suggest that demand remained sufficient to support prices, even as fewer transactions closed. With mortgage rates and affordability top of mind for households, buyers appear more selective. More listings gave them additional options, while sellers competed for fewer completed sales.
Local results show why the national price gain does not describe every market. Among the 40 largest,
Single-family homes provided the strongest support for national prices, with their median sale price increasing 1.3% to
“High costs are keeping some buyers on the sidelines, but there still aren’t enough homes for sale in many markets to bring prices down,” said
Looking ahead, mortgage rates, inventory and sales activity will help determine whether prices remain resilient. If financing remains challenging and inventory expands while sales stay below year-earlier levels, sellers may face additional price pressure, particularly where supply is increasing. However, outcomes will continue to depend heavily on local inventory conditions and property type.
Additional market insights and reports are available at https://www.homes.com/reports/.
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** This figure represents an average of 11,000 agents who completed one full year of membership and is not a guarantee of future results. Individual results may vary based on market conditions, geographic location, agent activity, and other factors.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Zonda, a leading provider of data, analytics, software, and marketplace solutions for the residential construction industry; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 118 million average monthly unique visitors in the second quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
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Media Contact:
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costar.com
Source: CoStar Group