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US median home-sale price falls for first time in 3 years as mortgage payments hit record highs.

Market News
29 Oct 2026, 15:00 WIB
PRNewsWire
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Bearish
US median home-sale price falls for first time in 3 years as mortgage payments hit record highs.

The median U.S. home-sale price dropped slightly to $389,601, marking the first decline in over three years amid rising mortgage costs. The median monthly mortgage payment rose 10.7% year-over-year to $2,786, near record highs, dampening buyer demand to the lowest level since 2021. New listings fell to their lowest since January, while total home supply edged up due to slower sales. This shift gives buyers more negotiating power as sellers hesitate amid the cooling market.

U.S. home-sale prices have just fallen for the first time in three years, providing context for real estate market activity. For readers following real estate stocks, here is Pluang's market snapshot as of Oct 29, 2026 17:51 WIB: Of 47 priced US real estate stocks, 39 rose and 7 fell today. Notable movers include VICI Properties Inc at USD 23.93 with a 1-day change of +1.76% and 100% buy orders, Welltower Inc. at USD 230.79 with a +1.58% change and 87% buy orders, and American Tower Corp at USD 186.40 with a +1.44% change and 100% buy orders.

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