
Zillow Reports 5-Year Inventory High and Record Price Cuts
Zillow reports a five-year high in housing inventory with 1.36 million homes for sale in June, up 17.2% year over year and driving a record 26.6% of listings to cut prices.

Zillow reports a five-year high in housing inventory with 1.36 million homes for sale in June, up 17.2% year over year and driving a record 26.6% of listings to cut prices.

Redfin’s latest housing report shows the median U.S. home-sale price hit a record $396,500 for the four weeks ending June 15, 2025—up 1% year over year. Despite the high, homes are selling for roughly $26,000 below the median asking price of $422,238.

Realtor.com’s May 2025 Monthly Housing Trends Report shows active listings in the U.S. surpassed 1 million for the first time since Winter 2019, up 31.5% year-over-year but still 12.3% below May 2019 levels.

Redfin’s latest report shows U.S. home sellers are sitting on a record $698 billion worth of active listings, up 20.3% year over year.

According to Realtor.com, the best week to buy a home in 2024 is from September 29 through October 5, with potential savings of over $14,000 compared to peak summer prices.

The Realtor.com® July Housing Report shows the housing market is becoming more buyer-friendly with a 36.6% increase in active listings and an increase in price reductions.

A new report on StorageCafe identifies the best and worst U.S. cities for buying a fixer-upper, based on a combined metric including average cost savings and the share of active listings represented by fixer-upper properties.

Housing market updates from Zillow and Redfin show a decline in home values from August to September, an uptick in annual price growth, and a slight increase in active listings as elevated mortgage rates drive buyers away from the market.

It’s officially summer, which means one thing in the real estate industry—we’ve moved past what is historically the busiest home buying and selling season of the year. But if the spring market is really over, it begs the question: what will the rest of 2023 be like?
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