SPY•US active housing inventory reportedly rose 7.4% year over year to 1,183,500 homes in October 2026, while new listings fell 7.5% to 357,000 and the median listing price declined 2.2% to $415,000.
Active housing inventory rose 7.4% year over year to 1,183,500 homes in October 2026 despite a 7.5% drop in new listings to 357,000, the steepest annual decline of the year.
Homes under contract fell 10.5% year over year as 30-year mortgage rates averaged 7.33%, pressuring buyers' purchasing power. The median listing price declined 2.2% to $415,000, its 12th consecutive annual decline; the delisting rate was 4.4%, and 20.5% of active listings had price cuts.
