- The national inventory of active listings declined by 33.5% over last year, while the total inventory of unsold homes, including pending listings, declined by 17.3%.
- Newly listed homes on the market are up 6.5% nationally compared to a year ago, and 11.1% higher for large metros over the past year. Sellers are still listing at rates lower than previous years, however.
- The July national median listing price for active listings was $385,000, up 10.3% compared to last year. Large metros saw an average price gain of 3.9% compared to last year.
- Nationally, the typical home spent 38 days on the market in July, much less than the 60 days during the same month in 2020.
Realtor.com®’s July housing data release reveals signs of a positive change in the market for homebuyers. Median listing prices are continuing to cool, driven by an increase in lower-priced homes in many metros. New sellers are beginning to enter the market at close…