New-home sales rose 7.5% month over month, while the median price of a new house surged to $493,000 from $455,700 in September and $427,300 a year ago, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.   

That wasn’t the only good news as the end of the month neared.

If inflation continues to cool, the historic slowdown could ease.

The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000. 

Warren Group CEO Tim Warren said last month had the fewest number of single-family home sales for the month of October since 2012.

The median existing-home price rose for the 128th month in a row, extending its record-breaking streak of increases. 

From January through October of this year, the Boston ZIP code had a median home sale price of $3.245 million, good for No. 27 in the U.S 

Mid-week price cuts offer the most bargains in today’s market.

The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes. 

The largest single-week decline in conventional mortgage rates since July brought the first increase in home-loan applications since September, the Mortgage Bankers Association said. 

Beantown rents remain high as they fall nationally

The Bay State housing market is cooling as sellers are holding off until conditions improve to sell their homes.

It’s not the only metric decelerating in today’s market. Inflation is also starting to slow which is helping bring down mortgage rates.

Downsizing from a four-bedroom home to a two-bedroom home in the Boston area would save the typical homeowner nearly $275,000.

From dropping home prices, increased inventory and homes staying on the market longer, today’s buyers should look at the upside to what the market means for their prospects.

Homebuyer demand is starting to stabilize as October home sales posted the largest decline since 2015, according to a new report.