The U.S. housing market is finding its balance at a measured pace. Active inventory rose about 4% compared to last year, but for the first time in five weeks, that growth has slowed. This indicates the market is still leaning a bit more in favor of buyers—though we’re not seeing a dramatic boost in supply. Homes are spending an average of 61 days on the market, unchanged from a year ago and consistent with the late third-quarter seasonal cooling. New listings are down roughly 1% year-over-year, bringing us back to levels we saw in 2025, as both buyers and sellers weigh affordability and pricing decisions carefully. The median listing price is now $419,000 (down by about 1% from last year), and price per square foot has dipped to $222, the lowest since early 2026. These trends—inventory gains paired with higher mortgage rates—are gradually shifting supply and demand toward buyers, but overall, the market’s pace remains steady rather than seeing any sudden shifts. With over three decades managing property transactions through all kinds of cycles, I’ve found that clear communication helps clients chart the right course in times like these.
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