Weekly housing inventory data
In recent years, the peak in active listings has shifted to occur earlier in the year. This change was particularly noticeable in mid-June when mortgage rates dropped below 6.64%, sparking increased demand. If the seasonal peak occurred on Aug. 1, 2025, it would be much earlier than usual, resembling pre-COVID-19 trends.
Last week, inventory decreased.
- Weekly inventory change (Oct. 3-Oct. 10): Inventory decreased from 863,972 to 856,870
- The same week last year (Oct. 4-Oct. 11): Inventory decreased from 734,257 to 732,378
Regardless of how inventory ends in 2025, the housing market has shown positive signs with increased supply, stabilized price growth, and overall healthier conditions. In a recent episode of the HousingWire Daily podcast, the potential impact of adjustable rate mortgages (ARMs) on the mortgage market in 2026 was discussed.
New listings data
The peak in new listings occurred during the week of May 23 this year, with a total of 83,143 listings. Since then, the number of new listings has gradually decreased. This early peak in new listings is a positive sign, indicating stability in the market, especially considering the challenges faced in 2025.
Comparing new listings data from last week over the past two years:
- 2025: 64,770
- 2024: 62,879
Price-cut percentage
In 2025, a higher percentage of homes experienced price reductions compared to the previous year. Despite this, the market has shown positive growth with improved buyer-friendly conditions. A cautious growth forecast for home prices in 2025 is supported by the increase in price reductions.
Examining the percentages of homes that saw price reductions last week in recent years:
10-year yield and mortgage rates
In 2025, fluctuations in the 10-year yield and mortgage rates have been influenced by various factors, including trade wars and economic data. Despite recent lower rates, the market remains volatile, with potential for further adjustments in response to economic conditions.
Mortgage spreads
Favorable mortgage pricing in 2025 can be attributed to improved mortgage spreads compared to previous years. The trend of lower spreads is expected to continue as long as market conditions remain stable and the Federal Reserve maintains its rate adjustments.
Purchase application data
In 2025, the housing market has experienced positive growth in purchase applications, with consistent year-over-year increases. Despite recent minor declines in week-to-week data, overall trends show strong demand and sustained growth in the market.
Weekly pending sales
Weekly pending home sales data reflects ongoing growth in the market, with slight year-over-year increases. The data is a precursor to existing home sales reports and indicates continued activity and interest in the housing market.
The week ahead: The trade war, market drama and Fed speeches
Upcoming developments in the trade war and Federal Reserve speeches may impact market conditions in the coming week. With potential economic data releases and ongoing market fluctuations, investors and analysts are advised to stay informed and prepared for possible volatility in the market.