Weekly Housing Trends: Latest Data as of Aug. 30

Welcome to this weekly housing trends update, where we bring you the latest snapshot of inventory trends, listing activity, and buyer-seller dynamics across the U.S. housing market.

In addition to our monthly housing trends reports, which offer deeper insights into long-term patterns, we publish these weekly updates to provide more timely views into market changes. This effort began in response to rapid shifts in the economy and housing landscape.

We recently released our midyear housing forecast for 2025, which predicts that the moderation we have seen in sales and price growth will continue throughout the rest of the calendar year.

You can count on a new Weekly Housing Trends Update, fresh weekly data each Thursday, and a weekly video from our economists to help you stay informed.

What this week’s data shows 

The housing market is stuck in the late summer doldrums, with yet another week of no change to prices or price per square foot on a year-over-year basis and a market pace that’s 8 days slower than last year at this time. Affordability constraints are keeping buyers on the sidelines this summer, leading to frustration among sellers and homebuilders who remain unable to sell homes at the prices and in the amount of time they had hoped for. The share of listings receiving price reductions is consistent with last year at this time, but many other sellers are choosing to remove their listing from the market rather than take a price cut. The inventory of homes for sale is elevated compared to last year, but the rate of growth has diminished slightly.

Weekly housing trends highlights

• New listings—a measure of sellers putting homes up for sale—rose 0.7% year over year
  New listings rose 0.7% last week compared with the same period last year, the lowest rate of year-over-year growth since April as prospective home sellers are showing some apprehension to list during this slow summer. The best time of year to buy a home, usually in early to middle October, is on the horizon, but buyers may be seeing more homes that sat on the market all summer than newly listed ones as this prime buying period approaches.

• Active inventory climbed 19.5% year over year
  The number of homes active on the market climbed 19.5% year over year, easing slightly compared to the previous week for the 11th consecutive week. Nevertheless, last week was the 95th consecutive week of annual gains in inventory. There were roughly 1.1 million homes for sale last week, marking the 18th week in a row over the million-listing threshold. Active inventory is growing significantly faster than new listings, an indication that more homes are sitting on the market for longer.

• Homes spent 8 days longer on the market than a year ago
  The slow sales pace of this summer is continuing, as still-high home prices and mortgage rates combined with general economic uncertainty are preventing buyers from making a move. We’ve shown a major bifurcation in the market, with many Northeastern markets moving significantly faster than Southern and Western ones, but the slowdown in more subdued markets is driving the national days on the market up.

• The median listing price was flat year over year
  For the fourth week in a row, the median list price nationwide remained the same as it was last year. Adjusting for home size, the price per square foot is holding steady year over year, which is a relatively new development. The price per square foot had been growing steadily for almost two years, but the weak sales activity has finally caught up and stalled out this metric, which is a close proxy for home values.