U.S. housing market stagnation
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Redfin Reports The U.S. Housing Market Is Stuck, With Sales and Listings Barely Budging
Businesswire· 2025-11-18 13:30
Core Insights - Numerous housing metrics were flat in October, indicating a notable shift from the volatility seen in recent years [1] - Pending home sales remained unchanged compared to both the previous month and the same month last year [1] - Closed home sales and new listings also showed no significant change [1] - Price growth in the housing market appears to be plateauing, with the median home sale price increasing by 1.4% year over year to $440,523 in October [1] Housing Market Metrics - Pending home sales were little changed from both a month and a year earlier [1] - Closed home sales remained flat, indicating stability in the market [1] - New listings did not show significant variation, suggesting a balanced supply-demand scenario [1] Price Trends - The median home sale price rose by 1.4% year over year, reaching $440,523 in October [1] - This price growth is modest compared to the larger fluctuations observed in previous years [1]