Core Insights - October's existing home sales in the U.S. showed improvement due to a temporary decline in mortgage rates, but analysts warn that this recovery may not be sustainable [1] - The National Association of Realtors (NAR) reported that seasonally adjusted annualized sales reached 4.1 million units in October, reflecting a month-over-month increase of 1.2% and a year-over-year increase of 1.7% [1] Sales and Inventory - The inventory of homes for sale decreased to 1.52 million units in October, down 0.7% month-over-month, but still nearly 11% higher than the same period last year [1] - The current sales pace indicates a market inventory of only 4.4 months, suggesting a tight supply [1] Pricing Trends - The median price of existing homes in the U.S. reached $415,200 in October, marking a year-over-year increase of 2.1%, continuing a streak of 28 consecutive months of year-over-year price increases [1] Buyer Dynamics - Danielle Hale, Chief Economist at Realtor.com, noted that while mortgage rates have decreased and seasonal competition has lessened, housing affordability remains a core issue limiting the rebound in transaction volumes [2] - The average time homes spent on the market increased to 34 days in October, compared to 29 days in the same month last year [2] First-Time Homebuyers - The proportion of first-time homebuyers improved to 32%, up from 27% year-over-year, although regional disparities exist [2] - Lawrence Yun, NAR's Chief Economist, indicated that first-time buyers in the Northeast face the greatest challenges due to supply shortages, while the Midwest shows stronger performance due to more affordable prices and adequate supply [2] Market Segmentation - The recovery in the housing market is characterized by a "luxury-led" structure, with sales of homes priced over $1 million increasing by over 16% year-over-year, while homes priced below $100,000 saw a nearly 3% decline [2]
美国10月二手房销售小幅回升 抵押贷款利率回落助推成交 但复苏或难持续
智通财经网·2025-11-20 22:26