The sales of homes in the U.S. picked up in October as falling mortgage rates drew more buyers back into the market. Existing home sales rose 1.2% to an annual rate of 4.10 million, the fastest pace since February and slightly above economists’ expectations, according to the National Association of Realtors.
Sales of previously owned homes in the US rose at the fastest pace in eight months in October, as buyers took advantage of lower mortgage rates and gained the upper hand over sellers in some markets. https://t.co/ZkzcorY8Jq
— Bloomberg (@business) November 20, 2025
Sales were also up 1.7% from a year earlier. The improvement comes after a long slump triggered by the rate surge that began in 2022. Mortgage rates dipped to their lowest level in more than a year this fall, giving the market a modest lift.
Still, affordability remains strained as the median home price climbed to $415,200, a record for October. Inventory also remains tight, with 1.52 million homes on the market — well below pre-pandemic levels.
US homes sales rose in October as homebuyers seized on declining mortgage rates https://t.co/i4R84wj4uy pic.twitter.com/2ExBlWzJCw
— Sentinel Business (@OSentinelBiz) November 20, 2025
NAR economist Lawrence Yun said sales remain stuck near 4 million annually and warned that significantly lower rates and much more supply are needed to restore a normal market.
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TIPP Staff
