U.S. Housing Market Report — Aug 2025

The national median listing price held to $430K (0.0% year over year) in Aug 2025. Active inventory rose to 1.10M listings (+20.9% YoY), with the typical home spending 60 days on market.

Sellers cut prices on 20.3% of listings (+5.9% vs last year). The typical U.S. asking rent stands at $1,932/mo (Zillow ZORI).

The hottest markets this month: Springfield, MA, Kenosha, WI, Oshkosh-Neenah, WI, Lancaster, PA, Manchester-Nashua, NH.