The U.S. housing market is continuing its gradual rebalancing, with active inventory up about 4% year-over-year nationwide. This uptick is meaningful, even as growth slowed for the first time in five weeks—a signal that supply is still expanding, but without the kind of sudden spike that could unsettle buyers or sellers. On average, homes spent 61 days on the market, mirroring last year and echoing the typical late-Q3 slowdown that often follows a brisker spring and summer.
New listings dipped roughly 1% from last year, landing close to 2025 levels. Affordability remains top-of-mind for buyers, while some sellers are understandably cautious about pricing their homes. The median listing price now stands at $419,000, down about 1% year-over-year, with the median price per square foot at $222—the lowest since early 2026.
For those navigating these changes, it’s important to recognize that inventory gains and higher mortgage rates are tilting the landscape slightly more in buyers’ favor, but the overall pace is measured—not volatile. My daily work with Redfin’s technology-driven, high-volume team keeps me tuned in to these subtle shifts. I’m here to help you interpret what these numbers mean for your unique situation, so you can move forward with clarity and confidence.
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