Key Highlights
- Existing-home sales faded for the ninth month in a row to a seasonally adjusted annual rate of 4.43 million. Sales fell 5.9% from September and 28.4% from one year ago.
- The median existing-home sales price rose to $379,100, an increase of 6.6% from the previous year.
- The inventory of unsold existing homes slipped for the third consecutive month to 1.22 million at the end of October or the equivalent of 3.3 months' supply at the current monthly sales pace.