U.S. Home-Sale Prices Just Fell for the First Time in 3 Years

U.S. Home-Sale Prices Just Fell for the First Time in 3 Years The median monthly mortgage payment is still sitting at its second-highest level on record, spooking would-be buyers

SEATTLE, Oct. 29, 2026 /PRNewswire/ -- The median U.S. home-sale price has fallen for the first time in more than three years, according to a new rep ort from Redfin, the real estate brokerage powered by Rocket.

U.S. housing market takeaways for the four weeks ending Oct. 25:

For Redfin economists' takes on the housing market, please visit Redfin's " From Our Economists" page.

Key Housing Market Data

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.

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 Redfin's

records (except the prior week)

Pending sales

(seasonally adjusted)

276,352

-15.9 %

-1.8 %

Lowest level in Redfin's

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

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

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.

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%)

Kansas City, MO (-4.3%)

Nashville, TN (-3.3%)

Pending sales

Seattle (-31.6%)

Atlanta (-25.9%)

San Diego (-25.3%)

Las Vegas (-22.7%)

Denver (-22.3%)

Declined in every single metro

Redfin 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%)

For more national and metro-level housing-market stats, please visit Redfin's data center.

To view the full report, please visit: https://www.redfin.com/news/housing-market-update-home-sale-prices-fall-october-2026

About Redfin

Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin's clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.

You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com.

SOURCE Redfin