Sabrina Speianu

The U.S. housing market continued to rebalance in June 2025, with active inventory up 28.9% year over year and homes taking five days longer to sell. Buyer demand remained soft, and price cuts rose to a record 20.7% of listings, while delistings surged as some sellers held firm on pricing. Explore national and regional housing trends, including list prices, time on market, and seller behavior.

May 2025 brought buyers more choices, with home inventory up 31.5% year-over-year—the 19th straight month of growth. While home prices held steady, rising mortgage rates slowed pending sales and drove a record share of price cuts. Explore key trends, regional shifts, and what they mean for affordability.

According to the Realtor.com April housing data, the housing market offered buyers more options as inventory continued to climb for the 17th straight month and new listings increased across most regions.

Our research team releases weekly housing trends reports looking at inventory metrics like the number of active listings and the pace of the market. Here’s what the housing market looked like the past week.

At a national level, we expect that housing inventory will continue to improve as gradually dropping mortgage rates and time help ease the lock-in effect on existing homeowners and builders continue to ramp up production. Nationwide sales and prices are expected to grow modestly while some markets across the country are projected to see much stronger growth in both sales and prices in 2025. This report dives into the wheres and whys around 2025's Top Housing Markets.

Mortgage rates are expected to keep mortgage payments essentially unchanged in 2025 despite continued home price growth. With Donald Trump’s victory in the 2024 election, the U.S. housing market could see significant shifts, from regulatory changes to tax policies, and potentially even a recalibration of housing supply and demand dynamics especially since President-elect Trump is a developer himself.

According to the Realtor.com April housing data, the small but meaningful affordability gains seen since the start of the year were eclipsed by a renewed rise in mortgage rates, fueled by stronger-than-expected inflation and employment readings in March and April. 

According to the Realtor.com® March housing data, the nation’s inventory of homes for sale continued to grow, as positive home selling sentiment resulted in more affordable, newly listed homes being added to the market.

According to Realtor.com® February housing data, the number of homes for sale and new listing activity continue to improve compared to last year. However, the inventory of homes for sale still has a long journey back to pre-pandemic levels. With few existing homes for sale, listing prices continue to slowly rise and time on the market remains below recent years.

According to Realtor.com®’s January housing data, the number of homes for sale and new listing activity continues to improve compared to last year. However the inventory of homes for sale still has a long journey back to pre-pandemic levels. With few existing homes for sale, listing prices continue to slowly rise and time on market remains below recent years.