MarketWatch: Weekly Real Estate Update for Riverdale, Bronx – 11/2/2026 – 11/9/2026

Let’s see what the market’s doing this week in the Riverdale area of the Bronx.

Did You Know?

• For the third straight week, national home prices slipped year over year. Redfin reports the median U.S. home sale price was $388,604 for the four weeks ending November 1, down 0.4% from a year ago, and the median monthly mortgage payment fell to a five-week low of $2,777 as rates and prices eased together. Pending sales fell to their lowest level in Redfin’s records going back to 2021, so buyers still have unusual leverage even as affordability slowly improves. (Redfin)
• October was the slowest month for home sales in years. Zillow’s October Market Report shows newly pending listings fell 16.8% from a year earlier, the biggest annual drop since August 2023 and the slowest October since 2018, while completed sales fell 8.7%. For Riverdale sellers, the takeaway is that October’s slowdown was driven by rates above 7%, not by collapsing values: the typical U.S. home value was $364,812, up just 0.7% from a year ago. (Zillow)

Mortgage Rate Updates:

According to the Freddie Mac Primary Mortgage Market Survey for the week ending November 5, 2026, released Thursday, November 5, 2026, the 30-year fixed-rate mortgage averaged 7.18%, down from 7.24% the previous week and up from 6.22% a year ago. The 15-year fixed-rate mortgage averaged 6.57%, down from 6.60% the week before and up from 5.50% a year ago. This marks the third straight weekly decline and the lowest 30-year reading since early October.

Source: Freddie Mac