{"id":83084,"date":"2025-11-26T07:45:55","date_gmt":"2025-11-26T15:45:55","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=83084"},"modified":"2025-11-26T09:05:04","modified_gmt":"2025-11-26T17:05:04","slug":"housing-market-update-rising-home-prices-curb-sales","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/housing-market-update-rising-home-prices-curb-sales\/","title":{"rendered":"Rising Home Prices, Economic Volatility Curb Would-Be Buyers\u2019 Appetites in Leadup to Thanksgiving"},"content":{"rendered":"

U.S. home prices are increasing and mortgage rates ticked up last week after dipping to their lowest level in a year. Rising costs and widespread financial uncertainty are causing house hunters to retreat.\u00a0<\/span><\/i><\/p>\n

We\u2019re taking a break from analysis this week, but please see the tables and charts below for this week\u2019s housing-market data. We\u2019ll be back with full commentary in next week\u2019s report. Happy Thanksgiving!<\/span><\/p>\n

For Redfin economists\u2019 takes on the housing market, please visit Redfin\u2019s \u201c<\/span><\/i>From Our Economists<\/span><\/i><\/a>\u201d page.<\/span><\/i>\u00a0<\/span><\/p>\n

Leading indicators<\/h3>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n
Indicators of homebuying demand and activity<\/b><\/td>\n<\/tr>\n
<\/td>\nValue (if applicable)<\/b><\/td>\nRecent change<\/b><\/td>\nYear-over-year change<\/b><\/td>\nSource<\/b><\/td>\n<\/tr>\n
Daily average 30-year fixed mortgage rate<\/b><\/td>\n6.2% (Nov. 25)<\/span><\/td>\nUp slightly from 6.13% two weeks earlier<\/span><\/td>\nDown from 7.02%<\/span><\/td>\nMortgage News Daily\u00a0<\/span><\/a><\/td>\n<\/tr>\n
Weekly average 30-year fixed mortgage rate<\/b><\/td>\n6.23% (week ending Nov. 26)<\/span><\/td>\nNear lowest level in a year<\/span><\/td>\nDown from 6.84%<\/span><\/td>\nFreddie Mac<\/span><\/a><\/td>\n<\/tr>\n
Mortgage-purchase applications (seasonally adjusted)<\/b><\/td>\n<\/td>\nUp 8% from a week earlier (as of week ending Nov. 21)<\/span><\/td>\nUp 20%<\/span><\/td>\nMortgage Bankers Association<\/span><\/a>\u00a0<\/span><\/td>\n<\/tr>\n
Redfin Homebuyer Demand Index (seasonally adjusted)<\/b><\/td>\n<\/td>\nLowest level in 2 months (as of week ending Nov. 23)<\/span><\/td>\nDown 11%<\/span><\/td>\nA measure of tours and other homebuying services from Redfin agents<\/span><\/td>\n<\/tr>\n
Google searches of \u201chomes for sale\u201d<\/b><\/td>\n<\/td>\nHighest level since August (as of Nov. 23)<\/span><\/td>\nUp more than 20%<\/span><\/td>\nGoogle Trends<\/span><\/a><\/td>\n<\/tr>\n
Touring activity<\/b><\/td>\n<\/td>\nUp 3% from the start of the year (as of Nov. 21)<\/span><\/td>\nAt this time last year, it was down 5% from the start of 2024<\/span><\/td>\nShowingTime<\/span><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Key housing-market data<\/h3>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
U.S. highlights: Four weeks ending Nov. 23, 2025<\/b><\/p>\n

Redfin\u2019s national metrics include data from 400+ U.S. metro areas and are based on homes listed and\/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.\u00a0<\/span><\/i><\/td>\n<\/tr>\n

<\/td>\nFour weeks ending Nov. 23, 2025<\/b><\/td>\nYear-over-year change<\/b><\/td>\nNotes<\/b><\/td>\n<\/tr>\n
Median sale price<\/b><\/td>\n$393,248<\/span><\/td>\n2.4%<\/span><\/td>\nBiggest increase in nearly 8 months<\/span><\/td>\n<\/tr>\n
Median asking price<\/b><\/td>\n$386,973<\/span><\/td>\n2.5%<\/span><\/td>\n<\/td>\n<\/tr>\n
Median monthly mortgage payment<\/b><\/td>\n$2,466 at a 6.23% mortgage rate<\/span><\/td>\n-2.1%<\/span><\/td>\nLowest level of the year<\/span><\/td>\n<\/tr>\n
Pending sales<\/b><\/td>\n73,223<\/span><\/td>\n-2.1%<\/span><\/td>\nBiggest decline in 8 months<\/span><\/td>\n<\/tr>\n
New listings<\/b><\/td>\n75,794<\/span><\/td>\n2%<\/span><\/td>\n<\/td>\n<\/tr>\n
Active listings<\/b><\/td>\n1,170,087<\/span><\/td>\n5.7%<\/span><\/td>\nSmallest increase since Feb. 2024<\/span><\/td>\n<\/tr>\n
Months of supply\u00a0<\/b><\/td>\n4.4<\/span><\/td>\n+0.4 pts.\u00a0<\/span><\/td>\n4 to 5 <\/span>months of supply<\/span><\/a> is considered balanced, with a lower number indicating seller\u2019s market conditions\u00a0<\/span><\/td>\n<\/tr>\n
Share of homes off market in two weeks\u00a0<\/b><\/td>\n27.5%<\/span><\/td>\nDown from 28%<\/span><\/td>\n<\/td>\n<\/tr>\n
Median days on market<\/b><\/td>\n49<\/span><\/td>\n+5 days<\/span><\/td>\n<\/td>\n<\/tr>\n
Share of homes sold above list price<\/b><\/td>\n22.4%<\/span><\/td>\nDown from 25%<\/span><\/td>\n<\/td>\n<\/tr>\n
Average sale-to-list price ratio\u00a0<\/b><\/td>\n98.2%<\/span><\/td>\nDown from 98.6%<\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n
\n

Metro-level highlights: Four weeks ending Nov. 23, 2025<\/b><\/p>\n

Redfin\u2019s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.\u00a0<\/span><\/i><\/p>\n<\/th>\n<\/tr>\n

<\/th>\nMetros with biggest year-over-year increases<\/b><\/th>\nMetros with biggest year-over-year decreases<\/b><\/th>\nNotes<\/b><\/th>\n<\/tr>\n
Median sale price<\/b><\/th>\nCincinnati (9.2%)<\/span><\/p>\n

Cleveland (8.7%)<\/span><\/p>\n

Detroit (7.6%)<\/span><\/p>\n

Nassau County, NY (6.9%)<\/span><\/p>\n

Pittsburgh (6.5%)<\/span><\/th>\n

Oakland, CA (-4.8%)<\/span><\/p>\n

Jacksonville, FL (-4.5%)<\/span><\/p>\n

Fort Worth, TX (-4.1%)<\/span><\/p>\n

Dallas (-3.1%)<\/span><\/p>\n

San Francisco (-3.1%)<\/span><\/th>\n

Declined in 16 metros<\/span><\/th>\n<\/tr>\n<\/thead>\n
Pending sales<\/b><\/td>\nWest Palm Beach, FL (17.3%)\u00a0<\/span><\/p>\n

Miami (14%)<\/span><\/p>\n

Phoenix (8.1%)<\/span><\/p>\n

Cleveland (7.2%)<\/span><\/p>\n

Sacramento, CA (5.6%)<\/span><\/td>\n

San Jose, CA (-21.2%)<\/span><\/p>\n

Seattle (-17.2%)<\/span><\/p>\n

Tampa, FL (-15.4%)<\/span><\/p>\n

Houston (-14.2%)<\/span><\/p>\n

San Diego (-10.9%)<\/span><\/td>\n

<\/td>\n<\/tr>\n
New listings<\/b><\/td>\nMinneapolis (14.2%)<\/span><\/p>\n

Cincinnati (11.7%)<\/span><\/p>\n

Boston (9%)<\/span><\/p>\n

Virginia Beach, VA (8.6%)<\/span><\/p>\n

Detroit (8.1%)<\/span><\/td>\n

Tampa, FL (-17.2%)<\/span><\/p>\n

Riverside, CA (-11.6%)<\/span><\/p>\n

San Antonio (-10.8%)<\/span><\/p>\n

Fort Lauderdale, FL (-9.7%)<\/span><\/p>\n

Jacksonville, FL (-8.7%)<\/span><\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Refer to our<\/span> metrics definition page<\/span><\/a> for explanations of all the metrics used in this report.<\/span><\/p>\n

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U.S. home prices are increasing and mortgage rates ticked up last week after dipping to their lowest level in a year. Rising costs and widespread financial uncertainty are causing house hunters to retreat.\u00a0 We\u2019re taking a break from analysis this week, but please see the tables and charts below for this week\u2019s housing-market data. We\u2019ll […]<\/p>\n","protected":false},"author":13153,"featured_media":83098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,615],"tags":[623,655,654],"dashboard":[],"coauthors":[124],"class_list":["post-83084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","category-weekly-market-update","tag-national","tag-weekly-market-tracker","tag-weekly-market-update"],"acf":[],"yoast_head":"\nRising Home Prices, Economic Volatility Curb Would-Be Buyers\u2019 Appetites in Leadup to Thanksgiving<\/title>\n<meta name=\"description\" content=\"U.S. home prices are increasing and mortgage rates ticked up last week after dipping to their lowest level in a year. 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