The U.S. housing market is undergoing a significant rebalance, with June 2025 data from Realtor.com® revealing a clear shift in favor of buyers. For the 20th consecutive month, inventory has climbed, offering more options across all major regions of the country. Homes are now taking an average of five days longer to sell nationally compared to June 2024, signaling a more moderate pace.
Sellers are adapting to these softer conditions. Expect to see more price reductions, with over one in five listings seeing a price cut in June. However, national median list prices have held steady, suggesting many sellers are still anchored to peak-era expectations. A growing number of homeowners are choosing to delist their homes altogether if they don’t get their desired price, a trend that could impact future buyer momentum.
This period marks a pivot from the intense seller’s market of recent years. While buyers are gaining more choices, the market is still navigating complex dynamics driven by both increasing supply and sellers’ strategic decisions.
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