"Falling mortgage rates and more inventory have brought some buyers into the market, but affordability and uncertainty continue to be the two big headwinds in the housing market at the end of 2025, Lisa Sturtevant, the chief economist at Bright MLS, said in a statement. We're likely to see sales end 2025 only slightly higher than a year ago. At the end of October, 1.52 million existing homes were on the market, down 0.7% from September, up but 10.9% from a year ago."
"Even though existing home sales were up on both a monthly and yearly basis, the median days on market was 34 days, up from 33 days a month ago and 29 days a year ago. Additionally, the median sales price continued to post annual gains, rising to $415,000 in October, up 2.1% from a year ago, marking the 28th consecutive month of year-over-year price increases."
Falling mortgage rates and rising inventory attracted some buyers, but affordability and uncertainty remained the primary headwinds in late 2025. Existing-home inventory reached 1.52 million in October, representing 4.4 months of supply at the current sales pace. Median days on market increased to 34 days, while the median sales price rose to $415,000, a 2.1% annual gain and the 28th consecutive month of year-over-year price increases. First-time buyers accounted for 32% of sales, cash purchases rose to 29%, and investor/second-home buyer share stayed near 16%. Regional results varied, with gains in the Northeast, Midwest, and South and a decline in the West.
Read at www.housingwire.com
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