Realtor.com Weekly Data: Inventory Up 8.8% Year Over Year, Fastest Since January, as the Median Asking Price Falls to $410,000
Realtor.com's latest weekly housing update, covering the week ending October 31, shows the number of homes for sale up 8.8 percent from a year ago, the highest weekly growth rate since late January, while the median listing price fell to $410,000, down 2.1 percent year over year. Senior Economic Research Analyst Joel Berner, who wrote the update, said mortgage rates above 7 percent were once again a major drag on the market that week.
The inventory gain did not come from a flood of new sellers. Active inventory growth has climbed from roughly 4 percent year over year in late August to nearly 9 percent now, as slower buyer activity lets unsold listings pile up. Year to date, active inventory is up 4.9 percent.
Sellers are pulling back too. New listings fell 5.2 percent year over year in a sharp turn downward. Berner wrote that sellers are discouraged because buyers are discouraged, and that the gap between current mortgage rates and the much lower rates many would-be sellers are locked into makes relocating less attractive. Year to date, new listings are down 0.4 percent.
Homes are also taking longer to sell. The median time on market was 65 days, one day longer than a year ago, for the second straight week of slower selling after a stretch back to May in which homes sold faster than last year. Year to date, time on market remains two days behind last year's pace.
On prices, listing prices have now fallen year over year for 42 consecutive weeks, the median price per square foot dropped 1.4 percent, and year-to-date median listing prices sit 1.9 percent below 2025 levels. Realtor.com's October data show inventory at its closest level to pre-pandemic norms yet, with price reductions higher than a year ago, and the company says buyers who can avoid financing stand to find strong deals. (Source: Realtor.com)
Published by GSM · USA (original Chinese edition)
Photo: 图：美国一处郊区住宅社区航拍。David E. Lucas 摄，公共领域，经 Wikimedia Commons。 / Photo: An aerial view of a U.S. suburban residential neighborhood. Photo by David E. Lucas, public domain, via Wikimedia Commons.
