U.S. Home Inventory Rises 7.4% as October Contract Sales Fall 16.8%

Active U.S. home listings rose in October even as newly signed purchase contracts fell, extending a split between growing available inventory and weaker buyer activity. The number of homes for sale reached 183,500, up 7.4% from a year earlier and the fastest annual increase in eight months. Active listings have increased every month since February, despite a 7.5% year-over-year decline in new listings in October. National supply remained 6.6% below typical pre-pandemic levels, the narrowest gap since the pandemic. The figures point to more homes staying on the market even as fewer new properties are listed. Newly pending sales, which count signed contracts before closing, fell 16.8% from October 2025. That was the largest annual decline since August 2023, and October was the slowest October for pending sales since 2018.

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