"The national housing market closed out January with relatively little week-over-week movement, but the latest data shows a market increasingly shaped by regional differences rather than a single national trend. Pricing, inventory and time on market all point to stabilization at the national level, even as local conditions continue to diverge. The median list price for single-family homes held at $419,999. Newly listed homes entered the market at a lower median price of $409,900, signaling continued price sensitivity among sellers bringing fresh inventory online."
"Homes spent a median of 91 days on market, with an average of 133 days, highlighting wide variation between faster-moving and slower local markets. Total inventory remained essentially flat at 696,222 homes, a 0.2% decline week over week. The pullback suggests supply is stabilizing rather than meaningfully tightening or loosening. The Market Action Index (MAI) registered 34.0, indicating a modest seller advantage nationally."
The national housing market ended January with minimal week-over-week change, while regional conditions diverged. Median list price for single-family homes held at $419,999, and newly listed homes had a lower median of $409,900, indicating seller price sensitivity. Homes spent a median of 91 days and an average of 133 days on market, showing wide local variation. Total inventory was essentially flat at 696,222 homes, a 0.2% weekly decline, suggesting supply stabilization. The Market Action Index registered 34.0, reflecting a modest seller advantage. Mortgage rates near 6% and low volatility have supported demand and helped prevent sharp inventory buildups.
Read at www.housingwire.com
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