"At the national level, key housing indicators show a market that cooled without breaking: Median list price: $419,950 (up 0.2% year over year) Price per square foot: $209 (down 1.0% year over year) Days on market: 84 days (up 9.1% year over year) Market Action Index: 33.5 (down 4.1% year over year), indicating a slight seller's market Active inventory: 757,763 homes (up 16.4% year over year) Months of inventory: 2.8 months Price reductions: 39% of active listings"
"While the Market Action Index still indicates a slight seller advantage, the overall picture reflects growing equilibrium. Buyers had more options, sellers faced more competition and pricing power softened without collapsing. One of the most consequential shifts of 2025 was supply. Active inventory rose more than 16% year over year, marking one of the largest annual increases since the pandemic-era housing crunch. That additional supply helped relieve pressure on prices and slowed transaction velocity, pushing days on market higher nationwide."
Inventory climbed over sixteen percent year over year, easing the intense supply shortages that previously drove rapid price growth and competition. Median list price edged up 0.2% to $419,950 while price per square foot fell 1.0% to $209, reflecting broadly flattened price growth. Active inventory rose to 757,763 homes and months of inventory reached 2.8, with 39% of listings showing price reductions. Days on market increased nine percent to 84 days, and the Market Action Index fell to 33.5, indicating a slight seller advantage but growing equilibrium. Total new listings and absorbed sales kept absorption healthy, while demand became more selective across metros.
Read at www.housingwire.com
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