Weekly Housing Trends: U.S. Market Update (Week Ending Nov. 15, 2025)

Welcome to this weekly housing trends update, where we bring you the latest snapshot of inventory trends, listing activity, and buyer-seller dynamics across the U.S. housing market.

In addition to our monthly housing trends reports, which offer deeper insights into long-term patterns, we publish these weekly updates to provide more timely views into market changes. This effort began in response to rapid shifts in the economy and housing landscape.

We recently released our mid-year housing forecast for 2025, which predicts the moderation we have seen in sales and price growth will continue throughout the rest of the calendar year.

You can count on a new Weekly Housing Trends Update, fresh weekly data each Thursday, and a weekly video from our economists to help you stay informed.

What this week’s data shows 

The housing market continues to rebalance as lower mortgage rates and slower sales shape both supply and pricing dynamics heading into year-end. Rates hovered in the low-6.2% range last week—near their lowest point in more than a year—giving some sellers the confidence to reengage with the market. But the bigger driver of rising supply remains the extended time it’s taking homes to sell in this weak 2025 sales environment. 

For buyers, that means more options and the most negotiating room they’ve had in several years. For sellers, it means adjusting expectations and, increasingly, adjusting price. And for policymakers, it has renewed urgency around affordability, prompting high-profile debates about whether fundamentally new mortgage products could help. And for policymakers, it has renewed urgency around affordability, prompting high-profile debates about whether fundamentally new mortgage products could help.

Weekly housing trends highlights

• New listings—a measure of sellers putting homes up for sale—rose 1.7% year over year
  New listings edged up on an annual basis, the second straight week of gains and a return to more typical levels after last week’s surge.  Mortgage rates held in the low 6.2s range last week the low-6% range, which may be enticing some homeowners to make a move.
• Active inventory climbed 12.6% year over year
  The number of homes active on the market climbed 12.6% year-over-year, as the streak of annual gains stretched past two years in length. There were about 1.1 million homes for sale last week, marking the 29th week in a row over the million-listing threshold. Active inventory is growing due to both new listings hitting the market, but mostly listings taking longer to sell in this weak 2025 sales year.
• Homes spent 3 days longer on the market than a year ago
  Homes continue to spend more time on the market than they did a year ago, but that pace has sped up the past several weeks. The median time on market was 64 days this week—about as long as it took to sell a home before the pandemic. As homes continue to sit longer in the markets, more sellers are cutting their asking prices in hopes of closing a deal before the end of the year.
• The median listing price fell 0.4% year-over-year
  The median list price dropped compared to the same week one year ago. Adjusting for home size, price per square foot fell 1.0% year-over-year, dropping for the 11th consecutive week. Price per square foot grew steadily for almost two years, but the weak sales activity has finally caught up and shaken underlying home values despite stable prices.