The housing market in the U.S. experienced a seasonal slowdown in November 2025, marked by a decrease in new listings and home sales compared to the previous month. Inventory levels continued to grow during this period. The trend reflects the expected cooling typical of the season. This decrease in activity was noticeable in both new listings and home sales, pointing to a temporary lull in the market. Despite this slowdown, the housing inventory expanded, indicating an increase in available properties.