The October statistics are in and at an unfortunate low on both the buying and selling side of the market. According to the National Association of Realtors, homeowner sales in October fell 3.1% from September, going from 5.14 million to 4.98. This was unexpected by economists, according to a survey given by Briefing.com, they had expected sales to decline to only 5.05 million. Based on a year to year ratio, sales had also decreased by 1.6%. Lawrence Yun, a chief economist for NAR, spoke out on the low figures, "Many potential homebuyers appear to have withdrawn from the market due to the stock-market collapse and deteriorating economic conditions,".

Median home prices also suffered a blow. The average selling price in October was $183,300, which is 11.3% less then last year, where the median was at $206,000, and also less then the previous month of September, where the average price was at $191,400. Records show that this October´s average home price is the lowest reached since March 2004, which previously held the record at $183,200. Basically, homeowners who bought their homes around 2004 are now seeing the same value they saw then. Another spokesman from NAR, Walter Molony, reported that "About 45% of all sales in October were distressed sales,". Molony concluded that the home price decline was due largely to those distressed sales as well as mass amount of foreclosures streaming into the market. According to an earlier report, foreclosure filings increased 5% and RealtyTrac reported that 84,868 homes foreclosed last month.

On a positive note, Molony did point out that decreasing home prices show the market is moving to a "price equilibrium,". The overall housing inventory did reduce 0.9% at the end of October, balancing at 4.23 million homes. This represents an increase from a 10 month to 10.2 month supply.