Existing home sales in the U.S. increased 1.2 % in October, indicating that more houses are finding buyers despite elevated prices. The rise suggests that demand remains steady in the housing market.
Real estate analysts said the increase reflects strong buyer interest and confidence, even as affordability challenges persist. While home prices remain high, some buyers are motivated by low mortgage rates and limited inventory.
The gains were observed across several regions, with some areas experiencing stronger activity than others. Analysts noted that while price pressures remain, the sales increase points to ongoing resilience in the housing market.
Existing home sales measure completed transactions for previously owned homes, providing insight into overall market activity. A 1.2 % rise suggests that demand is holding up, and sales momentum may continue if market conditions remain favorable.
Economists said the uptick could benefit related sectors, including real estate services, mortgage lending, and home improvement industries. Increased transactions support jobs and economic activity in communities across the country.
Industry observers noted that elevated home prices continue to challenge some buyers, but steady sales show that many households are willing to pay for available properties. Affordability remains a key factor for future market growth.
Overall, the 1.2 % increase in existing home sales in October reflects resilience in the U.S. housing market. Despite high prices, buyers continue to engage, suggesting continued activity and support for housing-related economic sectors.
