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

By Public Technologies
  • Redfin reported U.S. home-sale prices fell 0.4% year over year in October 2026, the first decline since May 2023.
  • The median sale price reached $388,634; 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 leverage.
  • Homes selling below their original asking price accounted for 61% of sales; a record 36% had at least one price cut.


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. Redfin Corporation published the original content used to generate this news brief on November 10, 2026, and is solely responsible for the information contained therein.

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