NWS News: The number of houses listed for sale soared in October — but a closer look reveals a housing m - 4th Nov 2022, 7:00am

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The report from Realtor.com found that the inventory of active listings in the U.S. grew 33.5% year over year in October, surpassing 2022 levels. Active inventory refers to a count of all homes listed for sale on the market. Home prices are falling, with the median list price dropping by $2,000, to $425,000, but with mortgage rates around 7%, affordability remains a challenge for buyers.

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>>> Read more: The number of houses listed for sale soared in October — but a closer look reveals a housing market that’s cooling rapidly