Why Home Sales are Picking Up
- lisacartolano
- Nov 19
- 2 min read
Mike Simonsen, Compass Chief Economist breaks down n this week’s market update, - why home sales are picking up again and what that means for buyers and sellers heading into 2026.
Weekly pending home sales are running well above last year’s levels—up as much as 15% in some weeks—as mortgage rates hover at the low end of their three-year range and affordability begins to improve. He also dives into the latest data on inventory, pricing, and affordability.
He reviews:
• Why weekly pending home sales are showing the strongest November numbers since 2021
• How easing mortgage rates below 7% are boosting buyer confidence
• What softening prices and shifting affordability mean for 2026
• The role of expanding inventory in shaping next year’s sales momentum If you want to stay ahead of the market and understand where pricing and demand are heading, make sure to watch until the end.
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Keep in mind this is a Macro level look at the market across the nation, and the real estate market locally does not always exactly match the national trends. Much of the rise in activity is being seen locally and interest rates have come down helping to make it the right time for many buyers. Want more detailed local data? Drop us an email for more details regarding the local market area.
This post is for informational purposes only. It is not intended as financial, legal, or real estate advice. Any market forecasts or predictions discussed are speculative and are subject to change. Actual results may differ. You should seek their own professional advice before making decisions. Compass disclaims any liability for reliance on this content.