09/24/2026
U.S. Housing Market Rebalances Slowly
We're seeing the U.S. housing market continue its gradual rebalancing—active inventory is up about 4% compared to last year, although the pace of growth has started to level off for the first time in five weeks. For those navigating their next move, this signals a more buyer-friendly environment, but not one marked by dramatic surges in supply. Homes are spending an average of 61 days on the market, unchanged from last year and consistent with what we typically expect as summer transitions into late Q3, following a brisker start to 2026. New listings have edged down about 1% year-over-year, settling close to 2025 levels as ongoing affordability challenges lead some buyers to hold back and some sellers to pause before testing the market. The median listing price is $419,000—down about 1% from last year—with the median price per square foot dipping to $222, the lowest since early Q1 2026. These shifts, along with higher mortgage rates, are gradually tilting conditions toward buyers, but overall, the market remains measured rather than fast-changing. As always, I’m here to provide honest guidance and help you navigate these trends with confidence, so you can make decisions that truly serve your goals.
