US Home-Sale Prices Fall 0.4% in October, First Annual Decline Since 2023, Redfin Says

• Rocket-powered Redfin reported U.S. median home-sale prices fell 0.4% year over year to $388,634 in October 2026.
• The decline was the first since May 2023, as mortgage rates averaged 7.33%, a three-year high.
• Pending home sales dropped 3.6% month over month to their lowest level since 2013, excluding April 2020.
• Housing inventory rose 0.9% from September to its highest level since early 2020, increasing buyers' negotiating power.
• Buyers paid below original asking prices in 61% of completed sales; 36% of homes sold had undergone price cuts, a record share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DE93614) on November 10, 2026, and is solely responsible for the information contained therein.