Nationwide median listing price ↓~2% yearly to $429.5K in Mid-Q2, giving buyers a clearer opening after years of tight conditions and competition.
Asking prices showed broader softness: price per sq-ft ↓~3%, marking a notable shift from the pandemic-era frenzy toward more grounded seller expectations.
Active listings in Mid-Q2 were ↑~6% MoM and ↑~2% yearly, expanding options for buyers comparing homes carefully before making offers in 2026.
Even with >17% of active listings taking reductions, the lower yearly share suggests sellers are pricing more realistically upfront before listing.
Affordability remains challenging, but lower asking prices plus expanding inventory point to a less competitive market and more negotiating power for buyers.