In October 2023, pending home sales fell 1.5% month-over-month.
October 2023 brought 3.79 million in sales, a median sales price of $391,800, and 3.6 months of inventory. The median sales price is up 3.4% year-over-year, and inventory was up 0.3 months from October 2022.
The top 10 metro areas with the largest year-over-year price increases all recorded gains of at least 12.6%, with six of those markets in the Midwest.
Three of the 10 metro areas with the largest percent gains in existing single-family home price in 2023 Q1 were in Wisconsin and North Carolina.