Redfin, the real estate brokerage operating as part of Rocket Companies (NYSE:RKT), released a housing market report on November 5, 2026, covering the four weeks ending November 1, 2026, showing U.S. median home-sale prices declined year over year for the third consecutive week.

Key Highlights

  • Median home-sale price: $388,604, down 0.4% year over year, marking the third straight week of declines after three years of increases, according to the report.
  • Median monthly mortgage payment: $2,777 at a 7.24% mortgage rate (seasonally adjusted), down from a peak of $2,811 in early October, its lowest level in five weeks.
  • Pending home sales: 275,484 (seasonally adjusted), down 0.6% week over week to the lowest level in Redfin's records dating back to 2021.
  • New listings: 346,795 (seasonally adjusted), down 1.5% week over week to the lowest level since January, as the report says would-be sellers reacted to slow demand.
  • Active listings: 1,501,917 (seasonally adjusted), up 2.1% year over year, with months of supply at 4.6, up from 4.
  • Share of homes with price drops: 21.2%, up from 20.6% a year ago, while pending sales declined in every metro Redfin analyzed for the fourth week in a row.

Redfin's November 2026 Housing Data: Prices, Sales, and Inventory Trends

According to the report issued by Redfin, described in its filing as "a technology-driven real estate company" and part of Rocket Companies (NYSE:RKT), the U.S. housing market showed broad softness in the four-week period ending November 1, 2026. The median home-sale price of $388,604 represented the third consecutive weekly year-over-year decline, ending what the report characterized as three years of price increases. The median asking price stood at $401,860, up 2% year over year on a seasonally adjusted basis.

The report, which draws on data from more than 900 U.S. metro areas, noted that the average sale-to-list price ratio was 98.3%, described as "essentially unchanged," and that 23.21% of homes sold above list price, also unchanged. The share of homes taken off market within two weeks was 26.9%, down from 28%, and median days on market was 50, up 1 day year over year. These figures, according to the filing, reflect a market giving buyers more room to negotiate, with "2.1% more homes on the market than a year ago."

At the metro level, the report identified San Francisco as posting the largest year-over-year median sale price increase at 17.3%, while Fort Lauderdale, FL recorded the largest decrease at -5.9%. For pending sales, Seattle showed the steepest year-over-year drop at -30.5%, and pending sales declined in every single metro Redfin analyzed for the fourth consecutive week. New listings saw the largest year-over-year increase in San Jose, CA at 17.8%, and the steepest decline in San Antonio at -17.7%. Redfin, as part of Rocket Companies, operates an integrated platform connecting home search, agent services, and mortgage financing through Rocket Mortgage.

What Was Disclosed

Redfin, part of Rocket Companies (NYSE:RKT), released housing market data for the four weeks ending November 1, 2026, reporting a third consecutive week of year-over-year home price declines, falling pending sales, reduced new listings, and rising active inventory across U.S. metro areas.