The median monthly mortgage payment is still sitting at its second-highest level on record, spooking would-be buyers.
What to know about the U.S. housing market for the four weeks ending October 25:
- The median U.S. home-sale price has fallen for the first time in more than three years. The median home-sale price was $389,601, down 0.1% year over year. That marks the second straight week in which prices ticked down–it follows a 0.2% decline last week–after three straight years of increases.
- Homebuying demand fell to a new low. Pending home sales declined 1.8% from a week earlier to the lowest level in records dating back to 2021. For the third week in a row, pending sales declined in all 50 of the most populous U.S. metro areas.
- The typical homebuyer’s monthly payment hit its second-highest level on record. The median mortgage payment was $2,786, up 10.7% year over year to the highest level in our record except the prior week. The weekly average mortgage rate is 7.32%, down from 7.4% a week earlier but still near a three-year high.
- Would-be sellers pulled back. New listings declined 0.6% from a week earlier to their lowest level since the start of the year as homeowners react to slow homebuying demand.
- Total supply is creeping up. The total number of homes for sale ticked up 0.3% from a week earlier. Even though new listings are falling, pending sales are falling more, keeping the pool of inventory partly filled. There are hundreds of thousands more home sellers than buyers nationwide, giving buyers more negotiating power than they’ve had in over a decade.
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 Oct. 25, 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 Oct. 25, 2026 | Year-over-year change | Week-over-week change (where applicable) | Notes | |
| Median sale price | $389,601 | -0.1% | First decline in over 3 years (except the prior week) | |
| Median asking price (seasonally adjusted) | $400,703 | 1.2% | ||
| Median monthly mortgage payment (seasonally adjusted) | $2,786 at a 7.32% mortgage rate | 10.7% | Highest level in our records (except the prior week) | |
| Pending sales (seasonally adjusted) | 276,352 | -15.9% | -1.8% | Lowest level in our records |
| New listings (seasonally adjusted) | 352,421 | -4% | -0.6% | Lowest level since January |
| Active listings (seasonally adjusted) | 1,510,619 | 2.2% | 0.3% | |
| Months of supply | 4.5 | Up from 4 | 4 to 5 months of supply is considered balanced | |
| Share of homes off market in two weeks | 27.5% | Down from 28.5% | ||
| Median days on market | 50 | 1 | ||
| Share of home listings with price drops | 21.5% | Up from 20.9% | ||
| Share of homes sold above list price | 23.2% | Unchanged | ||
| Average sale-to-list price ratio | 98.3% | Unchanged | ||
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Metro-level highlights: Four weeks ending Oct. 25, 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 | |
| Median sale price | San Francisco (15%)
New Brunswick, NJ (8.4%) Pittsburgh (7.4%) Montgomery County, PA (6.2%) Cleveland (4.9%) |
Seattle (-5.1%)
San Jose, CA (-4.9%) Austin, TX (-4.6%) Nashville, TN (-3.3%) |
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| Pending sales | Seattle (-31.6%)
Atlanta (-25.9%) San Diego (-25.3%) Las Vegas (-22.7%) Denver (-22.3%) |
Declined in every single metro we analyzed, for the third week in a row | |
| New listings | San Jose, CA (17.9%)
Newark, NJ (14.4%) Boston (12.8%) Nashville, TN (9.1%) San Francisco (8.5%) |
Atlanta (-26.5%)
San Antonio (-18.7%) Dallas (-17.6%) Austin, TX (-12.9%) Minneapolis (-8%) |
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Refer to our metrics definition page for explanations of all the metrics used in this report.
