November 2025
U.S. sales of existing homes rose 1.2% from the previous month to a seasonally
adjusted annual rate of 4.10 million, according to the National Association of
REALTORS® (NAR), as buyers took advantage of lower mortgage rates this fall.
Sales increased in the Midwest and South, held steady in the Northeast, and edged
down in the West. Year-over-year, sales were up 1.7%, with gains in the Northeast,
Midwest, and South, while the West posted a decline.
New Listings were up 8.5 percent to 1,301. Pending Sales increased 12.8 percent to
1,081. Inventory grew 38.9 percent to 3,561 units.
Median Sales Price was up 3.7 percent to $279,900. Days on Market decreased 2.0
percent to 50 days. Months Supply of Inventory was up 30.4 percent to 3.0 months.
Nationally, inventory dipped 0.7% month-over-month but rose 10.9% year-over-
year, totaling 1.52 million units, according to NAR. At the current sales pace, supply
stands at 4.4 months, slightly below last month’s level but higher than the 4.1
months recorded a year ago. Supported by modest inventory levels, prices continue
to rise, with the national median existing-home price increasing 2.1% year-over-year
to $415,200, marking 28 consecutive months of annual gains.
Information courtesy of CMLS*
