U.S. home sales rose in October as homebuyers seized on declining mortgage rates.

Sales of previously occupied U.S. homes increased last month to the fastest pace since February as lower mortgage rates helped pull more homebuyers into the market.

• 1.2% increase in existing-home sales month-over-month to a seasonally adjusted annual rate of 4.10 million.
• 1.7% increase in sales year-over-year.

• 1.52 million units: Total housing inventory, down 0.7% from September and up 10.9% from October 2024 (1.37 million).
• 4.4-month supply of unsold inventory, down from 4.5 months in September and up from 4.1 months in October 2024.

• $415,200: Median existing-home price for all housing types, up 2.1% from one year ago ($406,800) – the 28th consecutive month of year-over-year price increases.