NOTE: Active Listing Count in the United States (ACTLISCOUUS)

The current market conditions are shifting more toward buyers’ side, with more active listings on the market. Sellers are offering more incentives. Concessions come in many forms and are used by sellers to sweeten a deal and encourage buyers to close the transaction faster. For example, sellers may offer to cover closing costs, pay for home repairs or appliances, buy down the mortgage rate, or pay for other miscellaneous fees.

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Median Days on Market in the United States (MEDDAYONMARUS)

Affordability Challenges: High mortgage rates, combined with elevated home prices, have made affordability a significant concern. First-time buyers, in particular, are finding it challenging to enter the market.

Median Listing Price in the United States (MEDLISPRIUS)

Elevated Mortgage Rates: The average 30-year fixed mortgage rate stands at 6.76%, a slight decrease from previous weeks but still high by historical standards. This has contributed to reduced mortgage applications and buyer hesitancy. AP News

Median Listing Price per Square Feet in the United States

Housing Inventory: Price Reduced Count in the United States (PRIREDCOUUS)

According to Redfin, the median asking price for a house has been declining.

Median Listing Price in Houston-the Woodlands-Sugar Land, TX (CBSA)

Median Listing Price in Dallas-Fort Worth-Arlington, TX (CBSA) (MEDLISPRI19100)

Median Listing Price in San Francisco-Oakland-Hayward, CA (CBSA)

Median Listing Price in San Jose-Sunnyvale-Santa Clara, CA (CBSA)

Median Listing Price in Phoenix-Mesa-Scottsdale, AZ (CBSA) (MEDLISPRI38060)

Median Listing Price in New Orleans-Metairie, LA (CBSA) (MEDLISPRI35380)

Median Listing Price in Las Vegas-Henderson-Paradise, NV (CBSA) (MEDLISPRI29820)

Median Listing Price in Birmingham-Hoover, AL (CBSA) (MEDLISPRI13820)

Median Listing Price in Atlanta-Sandy Springs-Roswell, GA (CBSA) (MEDLISPRI12060)

Median Listing Price in Tampa-ST. Petersburg-Clearwater, FL (CBSA) (MEDLISPRI45300)

Median Listing Price in Little Rock-North Little Rock-Conway, AR (CBSA) (MEDLISPRI30780)

Median Listing Price in Cincinnati, OH-KY-IN (CBSA) (MEDLISPRI17140)

Median Listing Price in Miami-Dade County, FL (MEDLISPRI12086)

Median Listing Price in Charlotte-Concord-Gastonia, NC-SC (CBSA) (MEDLISPRI16740)

Median Listing Price in Virginia Beach-Norfolk-Newport News, VA-NC (CBSA)(MEDLISPRI47260)

Median Listing Price in Boston-Cambridge-Newton, MA-NH (CBSA)

Median Listing Price in Knoxville, TN (CBSA) (MEDLISPRI28940)