Weekly Market Update

Slowing price growth is good news for homebuyers. So are shrinking housing payments, with the median U.S. mortgage payment falling to its lowest level in five months.  The median U.S. asking price is $403,000, up just 2.2%  year over year, the smallest increase in nearly two years.  Asking prices are losing steam because it’s a […]

The median U.S. asking price posted its smallest increase since the start of 2025 as more sellers come to terms with the reality of today’s buyer’s market.  The median U.S. asking price was $407,000 during the four weeks ending July 13, up 2.9% year over year, the smallest increase in over four months. That’s just

New listings fell 1% year over year during the four weeks ending June 29, the first decline in nearly six months, with would-be sellers taking notice of slow demand. But it’s worth noting that the weekly average mortgage rate fell to 6.67%, its lowest level since early April.  We’re taking a break from analysis this

Would-be sellers are pulling back as it becomes more clear the housing market is tilting in buyers’ favor in much of the country.  New listings of U.S. homes for sale are up 2.5% from a year ago, the smallest increase in five months. On a local level, new listings are falling in 20 of the

While the median home-sale price is sitting at a record high, it’s notably lower than the median asking price. That’s because sellers are open to negotiating in today’s cooling housing market, in which sellers outnumber buyers. The median U.S. home-sale price hit a record $396,500 during the four weeks ending June 15, up 1% year