US Existing Home Sales Rise to 8-Month High
Existing home sales in the United States rose by 1.2% from the previous month to an annualized rate of 4.10 million in October of 2025, a second straight increase to the highest level in eight months, and loosely aligned with expectations.
The result was aligned with a pullback in benchmark mortgage rates amid a series of poor labor results released in the period. Sales of single-family homes rose 0.8% to 3.71 million. In the meantime, the median sales price for homes were $415,200.
With the sales increase, housing inventory fell by 07% from the previous month to 1.52 million units, equal to 4.4 months of supply. According to NAR Chief Economist Lawrence Yun, "Rents are decelerating which will reduce inflation and encourage the Federal Reserve to continue cutting rates and pulling back their quantitative tightening. This will help bring more homebuyers into the market since the Fed rate has an indirect impact on mortgage rates."
Source: Tradingeconomics.com
