November 2025 data indicates diverging trends across major U.S. metros, as year-over-year sales gains in select markets contrasted with mild pullbacks in others. The Phoenix metro area led the group with a 5.9% year-over-year increase, recording 3,873 closed sales, reflecting improving transaction activity toward the end of the year. The Orlando metro area followed with a 3.0% YoY rise and 2,964 sales, indicating steady buyer participation.Performance was more subdued in other large metros. The Tampa metro area remained nearly flat, posting a 0.1% year-over-year decline with 3,126 transactions. Similarly, the Miami metro area saw sales dip 0.6% YoY, totaling 2,878 closings. The Houston metro area recorded the most notable contraction, with sales down 3.0% year over year to 9,907 transactions, highlighting softer demand compared to last year.