October 2025
U.S. existing-home sales climbed 1.5% month-over-month and 4.1% year-over-
year, reaching a seasonally adjusted annual rate of 4.06 million units, according to
the National Association of REALTORS® (NAR). The increase was partly driven by
falling mortgage rates, which recently hit their lowest level in more than a year.
Regionally, monthly sales advanced in the Northeast, South, and West, while the
Midwest experienced a slight decline.
New Listings were up 23.2 percent to 1,670. Pending Sales increased 16.8 percent
to 1,229. Inventory grew 41.5 percent to 3,647 units.
Prices moved higher as Median Sales Price was up 1.5 percent to $275,000. Days
on Market increased 18.2 percent to 52 days. Months Supply of Inventory was up
29.2 percent to 3.1 months.
Housing inventory edged up 1.3% from the previous month to 1.55 million units,
14.0% higher than the same period last year. This represents a 4.6-month supply at
the current sales pace, according to NAR. The median existing-home price grew
2.1% year-over-year to $415,200, continuing the trend of annual price gains. The
Midwest saw the largest year-over-year increase in median sales price, followed by
the Northeast and South, while prices remained mostly flat in the West.
Information courtesy of CMLS*
