11/05/2026
Contract signings hit record October low
Contract signings fell 17% year over year in October, the lowest level for the month on record, according to a Realtor.com report. It was the steepest decline since March 2023 and the fourth straight monthly drop.
Active listings rose 7.4% to nearly 1.18 million homes, while the median asking price fell 2.2% to $415,000.
New listings dropped 7.5%, the sharpest annual decline of 2026, and the number of homes under contract fell 10.5%, the largest drop since October 2023.
Only 20.5% of active listings had price cuts, little changed from a year ago.
Cancellations were 7.8% versus 7.5% a year earlier, and 4.4% of listings were delisted, down from 4.6%.
SOURCE: Texas Real Estate News