November home sales struggle as supply stalls
December 19, 2025 • 1m 17s
Diana Olick (Senior Real Estate Correspondent)
00:00.270
well
rick
existing
home
sales
in
november
rose
zero
point
five
percent
to
a
seasonally
adjusted
annualized
rate
of
four
point
one
three
million
units
that
is
right
along
expectations
sales
down
one
percent
from
november
of
last
year
now
this
Diana Olick (Senior Real Estate Correspondent)
00:12.830
count
is
based
on
closing
so
contracts
likely
signed
in
september
and
october
when
mortgage
rates
initially
came
down
a
little
bit
but
then
stayed
in
a
very
tight
range
the
Diana Olick (Senior Real Estate Correspondent)
00:21.830
headline
on
this
report
is
supply
it
is
coming
down
again
we've
reported
on
more
sellers
delisting
their
homes
there
were
one
point
four
three
million
units
for
sale
at
the
end
of
november
down
five
point
nine
percent
from
october
still
up
seven
and
a
half
percent
from
the
year
Diana Olick (Senior Real Estate Correspondent)
00:36.390
before
but
losing
those
big
annual
gains
this
is
a
four
point
two
month
supply
Diana Olick (Senior Real Estate Correspondent)
00:41.110
and
that's
keeping
pressure
on
prices
the
median
price
of
a
home
sold
in
november
was
four
hundred
nine
thousand
two
hundred
dollars
an
increase
of
one
point
two
percent
year
over
year
and
the
highest
november
price
on
record
Diana Olick (Senior Real Estate Correspondent)
00:52.590
homes
are
staying
on
the
market
longer
an
average
of
thirty
six
days
versus
thirty
two
the
year
before
first
time
buyers
just
thirty
percent
unchanged
from
a
year
ago
historically
that
number
should
be
forty
percent
but
investors
made
up
eighteen
percent
of
sales
up
from
Diana Olick (Senior Real Estate Correspondent)
01:06.030
thirteen
percent
a
year
ago
and
the
realtors
chief
economist
economist
noted
they
did
not
see
a
surge
of
delayed
closings
coming
out
of
the
government
shutdown
in
october
leslie
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