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 mid-year housing forecast for 2025, which predicts 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
More listings are hitting the market as sustained lower mortgage rates are chipping away at the lock-in effect after years of troubling the housing market. At the same time, the homes already on the market are taking longer to sell as demand for homes wanes at the same time as supply grows. Overall active listings remain well above year-ago levels, providing more options for buyers compared to 2024. With prices holding steady and homes spending slightly longer on the market, buyers will find more breathing room and more favorable conditions like price cuts.
The slow pace of home sales caught the attention of American leadership, who are hoping to intervene. The Trump administration has proposed 50-year mortgages, a move meant to subsidize home demand by lowering monthly payments and getting prospective buyers off the sidelines. While the market conditions show that a boost to demand would be welcome, the 50-year mortgage comes with plenty of tradeoffs that might keep it from solving the housing market’s issues.
Weekly housing trends highlights
- New listings—a measure of sellers putting homes up for sale—rose 10.5% year over year
New listings were up 10.5% last week compared with the same period a year ago. New listing growth has ping-ponged in recent weeks as we enter the slowest period of the year for selling homes. Take this double-digit improvement with a grain of salt, as it marks an improvement over an already-low figure from last year. However, if we do continue to see more new listings coming onto the market, it could be due to mortgage rates hovering in the low-6% range and enticing homeowners to make a move. - Active inventory c