Volume rebounded, pace did not.
September produced a clean count rebound with a sharply stretched clock. Closings climbed against last September, the median held roughly flat, and the active shelf stayed deep. But the pace clock for sold homes stretched by nearly four weeks against last September, which extends August's pattern.
The structural signal of 2025's second half is the lengthening pace clock combined with a steady pricing discipline. Buyers are still buying; they are just taking longer. The pipeline at month end ran soft of last September's. For the short read on where your home would price into this stretched-clock market, my what is my St. George home worth page is the fastest place to start.