Redfin Reports List Prices Fall for the First Time Since March
Pending home sales inched up this week, but they're still near record lows
SEATTLE, Oct. 15, 2026 /PRNewswire/ -- The median U.S. asking price of a home for sale fell 0.3% year over year, the first decline since March. That's according to a new report from Redfin, the real estate brokerage powered by Rocket.
What else to know about the U.S. housing market for the four weeks ending Oct. 11:
For Redfin economists' takes on the housing market, please visit Redfin's " From Our Economists" page.
Key Housing Market Data
U.S. highlights: Four weeks ending Oct. 11, 2026
Redfin's national metrics include data from 900+ U.S. metro areas and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2021. Subject to revision.
Four weeks ending
Oct. 11, 2026
Year-over-year change
Week-over-week
change (where
applicable)
Notes
Median sale price
$391,116
0.5 %
Slowest price growth since
March
Median asking price
(seasonally adjusted)
$396,881
-0.3 %
First decline since March
Median monthly
mortgage payment
(seasonally adjusted)
$2,777 at a 7.4%
mortgage rate
8.8 %
Highest level in Redfin's
records (except the prior
week)
Pending sales
(seasonally adjusted)
286,531
-12.7 %
1.5 %
Lowest level in Redfin's
records (except the prior
week)
New listings
(seasonally adjusted)
359,859
-1.3 %
0.4 %
Active listings
(seasonally adjusted)
1,506,396
2 %
0.8 %
Months of supply
4.2
Up from 3.8
4 to 5 months of supply is
considered balanced
Share of homes off
market in two weeks
29 %
Down from 29.6%
Median days on
market
49
1
Share of home listings
with price drops
22 %
Up from 20.9%
Share of homes sold
above list price
23.6 %
Up from 23.2%
Average sale-to-list
price ratio
98.4 %
Up from 98.3%
Metro-level highlights: Four weeks ending Oct. 11, 2026
Redfin's metro-level rankings data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to
ensure data accuracy.
Metros with biggest year-over-
year increases
Metros with biggest year-over-
year decreases
Notes
Median sale price
San Francisco (18.1%)
Detroit (9.4%)
West Palm Beach, FL (7.8%)
Chicago (5.2%)
Newark, NJ (5.1%)
Seattle (-6.3%)
San Jose, CA (-4.8%)
Orlando, FL (-3.4%)
Charlotte, NC (-2.3%)
Anaheim, CA (-2.1%)
Pending sales
Seattle (-26%)
Atlanta (-22.7%)
San Diego (-22.6%)
Denver (-19.3%)
Minneapolis (-18.5%)
Declined in every single metro
Redfin analyzed for the first time in 3 years
New listings
Nashville, TN (22.1%)
San Jose, CA (20.3%)
Boston (12.4%)
San Francisco (11.5%)
Newark, NJ (8.7%)
Atlanta (-21.3%)
San Antonio (-14.6%)
Dallas (-10.2%)
Fort Worth, TX (-9.2%)
Jacksonville, FL (-6.5%)
To view the full report, including charts, please visit: https://www.redfin.com/news/housing-market-update-asking-prices-decline-october
About Redfin
Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin's clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.
You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com.
SOURCE Redfin