REAL ESTATE UPDATE: NOVEMBER 2025


		Robert Woehrle REAL ESTATE UPDATES

REAL ESTATE UPDATE

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.

Home sales activity picking up with lower mortgage rates

National Snapshot

Total Existing-Home Sales for October

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.

Inventory in October

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.

Median Sales Price in October

$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.

“Rents are decelerating which will reduce inflation and encourage the Federal Reserve to continue cutting rates and pulling back their quantitative tightening."

— Lawrence Yun, NAR Chief Economist

View more national summary and stats here

		September interest rate cut spurred uptick in home sales: REALTORS
		September saw a modest rise in home sales and mortgage applications amid slightly lower rates, but tight inventory continues to constrain the market.

		Gen Z Balances Ambition and Affordability in the Pursuit of Homeownership
		A new Realtor.com survey finds that while Gen Z faces affordability challenges, this generation is saving, planning, and staying optimistic about achieving the dream of homeownership.

		3 reasons affordability is improving this fall
		Mortgage rates climbed, prices surged, and budgets were stretched thin. But this fall, the numbers are finally starting to shift in a more positive direction.

Source

National Association of REALTORS®: Existing-Home Sales

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Robert Woehrle

415-287-9100

[email protected]

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