U.S. Home Prices Climb as Inventory Hits Highest November Level Since 2015

Reuters12-12

U.S. Home Prices Climb as Inventory Hits Highest November Level Since 2015

CoStar Group Inc.'s Homes.com released a new report analyzing national home price trends for November, revealing a 2.4% year-over-year increase in the median sale price to $385,000. The report highlights that the Midwest led the nation in home price appreciation, with cities like Cleveland, Cincinnati, Pittsburgh, and Saint Louis seeing gains between 7.5% and 11.6%. While 65% of nearly 1,000 tracked markets experienced price appreciation, some, such as Jacksonville, Florida, saw declines. Improved affordability, attributed to income growth and a 0.7 percentage point drop in mortgage rates since May, combined with a 17.9% annual rise in inventory to the highest November level since 2015, is expected to boost homebuying activity. CoStar's analysis suggests a more balanced market where buyers and sellers are finding common ground.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251211448706) on December 11, 2025, and is solely responsible for the information contained therein.

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