The US housing market is showing increasing signs of favouring buyers, with property prices levelling off and the number of listings rising steadily, according to the latest data from Realtor.com.
A move toward market balance
Property price growth in the United States has stalled, with the median listing price remaining flat year-on-year for the week ending 14 June and dipping 0.4% over the first half of 2025.
At the same time, new listings climbed by 5.7% compared to a year ago, continuing an upward trend and signalling more options for buyers.
Analyst Hannah Jones from Realtor.com says that one in five sellers is now cutting their asking prices, and inventory growth is shifting the market closer to balance, giving buyers added leverage.
Active inventory has jumped 28.1% from a year ago, marking the 84th consecutive week of annual increases.
More than one million homes were for sale last week, the highest level since late 2019.
The median time a property spends on market now sits at 51 days, six days longer than the same time last year and in line with pre-COVID conditions.
Southern US cities, buoyed by a construction boom, are now seeing inventory exceed pre-pandemic levels.
However, supply shortages persist in the Midwest and Northeast.
Confidence rises, but mortgage rates stay firm
While conditions are improving for buyers, affordability remains a concern.
The Federal Reserve has kept interest rates steady at 4.25%–4.5% and signalled the possibility of two cuts later in 2025.
However, a substantial fall in mortgage rates is not expected in the immediate term.
Still, buyer and seller confidence is on the rise, supported by a relatively stable jobs market and easing concerns around personal finances.
