Home listings pile up in October, but sellers won't slash prices

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Homebuyers continue to retreat, but sellers are still digging in, refusing to cut prices or give up. As a result, September's frozen housing market is now October's frozen and increasingly bloated market. Active inventory in October hit 183,500 homes, up 7.4% year-over-year, according to Realtor.com. That is the fastest annual growth in eight months. Active listings have been rising each month since February. This is despite the fact that new listings are actually falling, down 7.5% from October 2025. The market has seen several years of extremely lean supply, driven by the homebuying frenzy during the first two years of the pandemic, when mortgage rates hit more than a dozen record lows. Now supply nationally is just 6.