Existing home sales in the United States rose by 0.5% from the previous month to an annualized rate of 4.13 million in November of 2025, a third straight increase to the highest level in nine months. It compared with market expectations of 4.2 million. The result was aligned with a pullback in benchmark mortgage rates amid a series of poor labor results released in the period. Sales of single-family homes rose 0.8% to 3.75 million. In the meantime, the median sales price for homes increased 1.2% from a year ago to $409,200, one of the weakest gains since mid-2023. With the sales increase, housing inventory fell by 5.9% from the previous month to 1.43 million units, equal to 4.2 months of supply and the weakest since March. “Existing-home sales increased for the third straight month due to lower mortgage rates this autumn,” NAR Chief Economist Lawrence Yun said in a statement. “However, inventory growth is beginning to stall.”