Rocket Companies Inc., through Redfin, reports that U.S. homebuyers are securing the largest autumn discounts since 2019. In September, only 25.3% of homes sold above their final list price-the lowest September level in six years. The average sale-to-list-price ratio dropped to 98.6%, indicating homes typically sold for 1.4% less than their final list price. Additionally, the share of properties going under contract within two weeks declined to 32.8%. While inventory rose earlier in the year, providing more options for buyers, recent months have seen a slight decrease in listings, prompting a modest uptick in sale prices. However, many sellers are accepting offers below their asking price as buyers maintain negotiating power. The median sale price in September 2025 was $435,545, up 1.7% year-over-year but down 0.9% month-over-month. Existing-home sales reached their highest annual rate this year, driven in part by a decline in the average 30-year fixed mortgage rate to 6.35%. Regionally, the Midwest saw the largest price increases, while several Texas markets experienced declines. Pending and closed sales trends varied across major metros, reflecting localized shifts in demand and inventory.