New listings of homes for sale fell to their lowest level since the start of the year, but there are still significantly more sellers than buyers in the market.
What to know about the U.S. housing market for the four weeks ending November 1:
- Prices fell for the third week in a row. The median home-sale price was $388,604, down 0.4% year over year. That marks the third straight week in which prices declined after three years of increases.
- Monthly payments dropped to a 5-week low. The median monthly mortgage payment was $2,777, down from a peak of $2,811 in early October. This data is seasonally adjusted. Costs declined because mortgage rates and sale prices are slowly coming down.
- House hunting activity declined. Pending home sales fell 0.6% week over week to the lowest level in records dating back to 2021.
- Sellers pulled back, too. New listings dropped 1.5% from a week earlier to the lowest level since January, as would-be sellers reacted to slow demand.
- The slow market is giving buyers room to negotiate. The buyers who are out there may be able to negotiate prices down and/or get other concessions from sellers. Buyers have more homes to choose from than a year ago, and less competition: There are 2.1% more homes on the market than a year ago, while homes are taking a bit longer to sell.
For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page.
Below is a summary of our most recent housing-market data. For more national and metro-level stats, please visit Redfin’s data center.
| U.S. highlights: Four weeks ending Nov. 1, 2026
Redfin’s national metrics include data from 900+ U.S. metro areas and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2021. Subject to revision. |
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| Four weeks ending Nov. 1, 2026 | Year-over-year change | Week-over-week change (where applicable) | Notes | |
| Median sale price | $388,604 | -0.4% | ||
| Median asking price (seasonally adjusted) | $401,860 | 2% | ||
| Median monthly mortgage payment (seasonally adjusted) | $2,777 at a 7.24% mortgage rate | 11.1% | Lowest level in 5 weeks | |
| Pending sales (seasonally adjusted) | 275,484 | -16.4% | -0.6% | Lowest level in our records |
| New listings (seasonally adjusted) | 346,795 | -4.6% | -1.5% | Lowest level since January |
| Active listings (seasonally adjusted) | 1,501,917 | 2.1% | -0.5% | |
| Months of supply | 4.6 | Up from 4 | 4 to 5 months of supply is considered balanced | |
| Share of homes off market in two weeks | 26.9% | Down from 28% | ||
| Median days on market | 50 | 1 | ||
| Share of home listings with price drops | 21.2% | Up from 20.6% | ||
| Share of homes sold above list price | 23.21% | Unchanged | ||
| Average sale-to-list price ratio | 98.3% | Essentially unchanged | ||
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Metro-level highlights: Four weeks ending Nov. 1, 2026 Redfin’s metro-level rankings data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy. |
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|---|---|---|---|
| Metros with biggest year-over-year increases |
Metros with biggest year-over-year decreases |
Notes |
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| Median sale price | San Francisco (17.3%)
New Brunswick, NJ (7.6%) Pittsburgh (7%) Jacksonville, FL (5.6%) Montgomery County, PA (5.1%) |
Fort Lauderdale, FL (-5.9%) Austin, TX (-5.8%) Seattle (-5.1%) Charlotte, NC (-4%) Nashville, TN (-3.9%) |
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| Pending sales | Seattle (-30.5%)
San Diego (-26.9%) Atlanta (-26.3%) Denver (-24.6%) Las Vegas (-22.6%) |
Declined in every single metro we analyzed, for the fourth week in a row | |
| New listings | San Jose, CA (17.8%)
Providence, RI (13.3%) Newark, NJ (11.2%) New Brunswick, NJ (8.7%) Boston (8.4%) |
San Antonio (-17.7%)
Dallas (-13.5%) Austin, TX (-13.3%) Portland, OR (-9.5%) Fort Worth, TX (-8%) |
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Refer to our metrics definition page for explanations of all the metrics used in this report.
