"HW Data shows median rent holding at $2,295, while the for-sale side offers more room to maneuver. The median list price is $444,900 and active inventory stands at 863,972 homes nationwide, giving buyers more choice than earlier in the year. HousingWire's national Market Action Index reads 34, a level that signals a slight seller advantage but movement toward more balanced conditions."
"About 42% of active listings recorded a price reduction last week. That share underscores how sellers are adjusting to reach active buyers, especially in segments with more comparable inventory. For buyers, widespread adjustments can translate into a clearer picture of fair value and a more predictable path to agreement. For sellers, timely changes help listings align with current activity and shorten time to contract."
Median rent remains steady at $2,295 while the for-sale market shows flexibility with a median list price of $444,900 and 863,972 active listings nationwide. The Market Action Index at 34 indicates a slight seller advantage but movement toward more balanced conditions. During the period, 80,170 homes moved under contract versus 64,328 new listings, pairing firm demand with steady new supply. About 42% of active listings recorded price reductions, signaling sellers adjusting to reach buyers. Buyers gain more time and options to compare neighborhoods, price points, and condition, and mortgage lenders can frame rent-versus-own comparisons accordingly.
Read at www.housingwire.com
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