Saddle Brook, NJ — November 26, 2025 — U.S. existing-home sales climbed 1.5% month-over-month and 4.1% year-over-year, reaching a seasonally adjusted annual rate of 4.06 million units, according to the National Association of REALTORS® (NAR). The increase was partly driven by falling mortgage rates, which recently hit their lowest level in more than a year. Regionally, monthly sales advanced in the Northeast, South, and West, while the Midwest experienced a slight decline.
"October's data shows a market gaining momentum," said John Johnson, 2025 Greater Bergen REALTORS® Vice President. "Easing mortgage rates boosted activity, especially in single-family homes, and rising inventory is helping move us toward a more balanced market."
Housing inventory edged up 1.3% from the previous month to 1.55 million units, 14.0% higher than the same period last year. This represents a 4.6-month supply at the current sales pace, according to NAR. The median existing-home price grew 2.1% year-over-year to $415,200, continuing the trend of annual price gains. The Midwest saw the largest year-over-year increase in median sales price, followed by the Northeast and South, while prices remained mostly flat in the West.
Highlights From October 2025 Report
- Single Family Closed Sales increased 3.6 percent to 399.
- Townhouse-Condo Closed Sales decreased 14.8 percent to 167.
- Adult Communities Closed Sales decreased 57.1 percent to 3.
- Single Family Median Sales Price was up 6.7 percent to $800,000.
- Townhouse-Condo Median Sales Price remained flat at $474,950.
- Adult Communities Median Sales Price was up 2.9 percent to $525,000.
Click Here for the full ShowingTime Report for the month of October 2025