October US Existing Home Sales Rise More Than Expected

10:00 AM EST, 11/20/2025 (MT Newswires) -- The pace of US existing home sales rose by 1.2% to a 4.10 million seasonally adjusted annual rate in October from 4.05 million in September, compared with a smaller expected increase to a 4.08 million rate in a survey compiled by Bloomberg as of 7:35 am ET, data from the National Association of Realtors released Thursday showed.

Total sales were up 1.7% from a year earlier.

"Home sales increased in October even with the government shutdown due to homebuyers taking advantage of lower mortgage rates," said National Association of Realtors Chief Economist Lawrence Yun.

Sales of single-family homes were up 0.8%, while condominium sales increased by 5.4%.

Sales were up in the Midwest and South regions of the country but fell in the West region and held steady in the Northeast region. It increased in three of the four regions from a year earlier but decreased in the West region.

Homes remained on the market an average of 34 days, up from 33 days in September and 29 days a year ago and the highest for October since 2019.

The supply of homes for sale fell to 1.52 million homes in October from 1.53 million in September but were up 10.9% from the 1.37 million level a year ago.

"Rents are decelerating which will reduce inflation and encourage the Federal Reserve to continue cutting rates and pulling back their quantitative tightening," Yun said. "This will help bring more homebuyers into the market since the Fed rate has an indirect impact on mortgage rates."

The month supply on market decreased to 4.4 months from 4.5 months in September but was larger than the 4.1 months supply a year ago.

The median home price increased to $415,200 from $412,300, up 2.1% from a $406,800 level one year ago and the highest level for October on record.

The monthly existing home sales report from the National Association of Realtors measures sales of single-family and multi-family homes for resale at the time of closing, including the number of existing homes available and the median sales price. A strong reading is a positive sign for mortgage lenders and related consumer product companies.

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