EconomyBy RISE Community editors
Home sales slow to a 3.75 million pace as affordability slips and supply grows
The National Association of Realtors said October existing home sales came in at a 3.75 million annual pace, 8.8% lower than a year earlier.
Key facts
- National Association of Realtors: existing home sales ran at a 3.75 million annual pace in October, down 5.5% from a month ago and 8.8% from October 2025.
- Sales fell from a year earlier in all four regions, with the West down 14.5% and the Northeast down 4.1%.
- Inventory reached 1.59 million existing homes, or 5.1 months' supply, while the median price rose 0.4% year over year to $416,700.
- NAR's housing affordability index dropped to 100.7 in October 2026, compared with 107.3 a year earlier.
- Sean Fergus of NewHomeSource and Zonda said weakness may persist because shoppers who pulled back as rates reached 7.4% in mid-October will not appear as lost sales until November and December closings.
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Read the original at HousingWire (opens in a new tab)
Source: Existing home sales fall to 3.75 million pace in October — HousingWire, November 12, 2026. Summary and commentary by RISE Community; read the full story at the source.
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