2025.12.1915:04:01UTC+00US Existing Home Sales Rise to 9-Month High

In November 2025, existing home sales in the United States experienced a 0.5% increase from the previous month, reaching an annualized rate of 4.13 million. This marks the third consecutive month of growth and the highest level observed in the past nine months, though it fell short of the market's expectation of 4.2 million. This growth aligns with a decline in benchmark mortgage rates, triggered by a series of unfavorable labor reports released during this period. Sales of single-family homes specifically climbed by 0.8%, reaching a total of 3.75 million. Meanwhile, the median home sales price witnessed a year-over-year increase of 1.2%, amounting to $409,200, indicating one of the smallest rises since mid-2023. With the uptick in sales, the housing inventory decreased by 5.9% from the previous month, settling at 1.43 million units, which equates to a 4.2-month supply—the lowest since March. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), commented, “The consecutive rise in existing-home sales can be attributed to this autumn's reduced mortgage rates. However, we are beginning to observe a deceleration in inventory growth.”