HAR Report: Affordability improved year-over-year for buyers with the average mortgage rate dipping from 6.81 percent in 2024 to 6.24 percent in November 2025, as reported by Freddie Mac’s Primary Mortgage Market Survey. When coupled with an assumed 20 percent down payment, the monthly mortgage payment for principal and interest of the median-priced home dropped from $1,722.84 to $1,599.17 – a savings of $123.67 monthly or $1,484.04 per year.
Active listings of single-family homes totaled 36,620 in November, up 21.0 percent from last year and the lowest level since April, when 34,362 homes were on the market. Housing supply also reached its lowest point since April, expanding to 5.0 months of inventory compared to 4.3 months a year earlier. For context, the national average currently stands at 4.4 months, according to the National Association of Realtors.
Homes spent an average of 60 days on the market in November, up from 53 days during the same period last year.
Broken out by housing segments, single-family home sales performed as follows:
$1 - $99,999: decreased 2.2 percent (89 transactions)
$100,000 - $149,999: increased 10.6 percent (146 transactions)
$150,000 - $249,999: increased 3.6 percent (1,240 transactions)
$250,000 - $499,999: decreased 6.4 percent (3,561 transactions)
$500,000 - $999,999: decreased 7.3 percent (1,009 transactions)
$1M and above: increased 23.4 percent (301 transactions)
HAR also breaks out sales figures for existing single-family homes. In November, sales declined by 0.8 percent year-over-year, with 4,131 closings compared to 4,164 a year ago. The average sales price was statistically unchanged at $439,743, while the median price was essentially flat at $325,000.
HAR will publish its November 2025 Rental Market Update on Wednesday, December 17.