Active inventory remains above prior-year levels, ↑~2% yearly, giving shoppers more options as growth cooled from ~10% earlier in 2026 to today's pace.
Median listing prices ↓~2% yearly, extending 18 straight weeks of yearly declines and 30 weeks of flat or softer asking prices overall.
Fewer price reductions suggest sellers are pricing more realistically upfront, not listing high first, helping buyers find attractive prices sooner in current conditions.
Homes spent 1 extra day on market versus the prior-year pace, but that gap has narrowed as buyers steadily absorb available supply.
Year-to-date active inventory averaged ↑~6% versus the same prior-year period, while steady demand kept supply from building meaningfully across the US market.
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Builders Continue Single-Family Projects Despite Rising Rates in April
New single-family home construction fell 9% in April to a 930,000 annual rate, down 2.4% from last year, while total housing starts rose due to
June 4, 2026
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