YOUR DREAM HOME AWAITS

October brought encouraging signs for the housing market, with home sales up 3.2% compared to October 2024 across 51 metro areas surveyed. It was the fifth month in 2025 where sales exceeded last year’s levels. Month over month, homes sales also increased, rising 1.7% from September defying traditional seasonal dips.

However, homes took an extra week to sell, averaging 50 days on the market, an increase from 43 days a year ago and up two days from last month’s 48 days.

Inventory remained higher than last year (+15.9%), offering buyers more choices, even as it eased slightly from September (-3.0%).

Other metrics of note:

• The Median Sales Price for October was $445,000, up 2.2% year over year – matching the median listing price of new listings – and 1.1% higher than September.
• New Listings were up 0.8% year over year but down slightly (0.5%) month over month.
• Months’ Supply of Inventory was 2.9 months, up from 2.6 months recorded in October 2024 and down from 3.0 in September.
• Sellers accepted 98% of the asking price in October, down slightly from 99% in October 2024 but flat month over month.

“October’s numbers show a market that’s adjusting but remains active,” said REMAX CEO Erik Carlson. “Sales are up compared to last year, prices are steady and inventory is giving buyers more options. While homes are taking longer to sell, that can create opportunities for both sides to negotiate and find the right fit.”

Among the 51 metro areas surveyed, Burlington, Vermont stood out as a strong market performer for October. Rich Gardner, Broker/Owner of REMAX North Professionals near Burlington, said activity has been surprisingly constant.