November Existing Home Sales

November Existing Home Sales
Updated: 10-Jan-26 09:31 ETHighlights

Existing home sales increased 0.5% month-over-month in November to a seasonally adjusted annual rate of 4.13 million (Briefing.com consensus 4.10 million) from an upwardly revised 4.11 million (from 4.10 million) in October.
Sales were down 1.0% on a year-over-year basis.

Key Factors

The median existing home sales price for all housing types increased 1.2% year-over-year to $409,200, marking the 29th consecutive month of year-over-year increases. The median price for single-family homes rose 1.2% to $414,300.
Existing home sales month-over-month/year-over-year across regions: Northeast (+4.1%/0.0%); Midwest (-2.0%/-3.0%); South (+1.1%/0.0%); and West (0.0%/-1.3%).
Median home prices by region year-over-year: Northeast (+1.1% to $480,800); Midwest (+5.8% to $319,400); South (+0.8% to $361,000); and West (-0.9% to $618,900).
The inventory of homes for sale at the end of November was 1.43 million units, down 5.9% from October and up 7.5% from a year ago.
Unsold inventory sits at a 4.2-month supply at the current sales pace, down from 4.4 months in October and up from 3.8 months a year ago. This remains below the 6.0-month supply typically associated with a more balanced market.
First-time buyers accounted for 30% of transactions in November, versus 32% in October and 30% a year ago.
All-cash sales made up 27% of transactions in November, down from 29% in October and up from 25% a year ago.

Big Picture

The key takeaway from the report is that home sales in November were aided by lower mortgage rates, yet limited inventory, combined with high prices, got in the way of stronger selling activity.