U.S. Housing Market Report — Jul 2025

The national median listing price rose to $439K (+0.5% year over year) in Jul 2025. Active inventory rose to 1.10M listings (+24.8% YoY), with the typical home spending 58 days on market.

Sellers cut prices on 20.6% of listings (+5.4% vs last year). The typical U.S. asking rent stands at $1,927/mo (Zillow ZORI).

The hottest markets this month: Springfield, MA, Oshkosh-Neenah, WI, Hartford-West Hartford-East Hartford, CT, Kenosha, WI, Norwich-New London-Willimantic, CT.