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
Despite falling mortgage interest rates over the past few months, listing and sales activity continues to slow. Buyers remain cautious, with homes lingering on the market longer and prices holding flat even as rates remain near 11-month lows.
For those planning to purchase in 2025, the “Best Time To Buy” is approaching. This fall is shaping up to be the most buyer-friendly market in nearly a decade, with more listings and motivated sellers, though elevated housing costs continue to weigh on demand. Mortgage rates are expected to ease toward 6.4% by year-end, and if lower rates align with stable prices, buyers may find a rare sweet spot of opportunity. Those prioritizing price may benefit from waiting until later in the season, while those seeking more choice may want to act earlier.
Weekly housing trends highlights
- New listings—a measure of sellers putting homes up for sale—down 0.5% year over year
New listings fell 0.5% last week compared with the same period last year, marking just the third weekly decline since April. This softening is reflected in the September Monthly Housing Report data, where newly listed homes fell 1.2% year over year. The decline in new listings is in part behind the slowdown in national inventory gains over the past few months, as sellers retreat from the market. With the best time of year to buy—typically early to mid-October—approaching, buyers may encounter more carryover summer listings rather than a wave of fresh options. - Active inventory climbed 16.2% year over year
The number of homes active on the market climbed 16.2% year over year, the easing compared to last w