U.S. Housing Market Report — Nov 2025

The national median listing price fell to $415K (-0.4% year over year) in Nov 2025. Active inventory rose to 1.07M listings (+12.6% YoY), with the typical home spending 64 days on market.

Sellers cut prices on 18.1% of listings (+8.4% vs last year). The typical U.S. asking rent stands at $1,942/mo (Zillow ZORI).

The hottest markets this month: Springfield, MA, Kenosha, WI, Hartford-West Hartford-East Hartford, CT, Manchester-Nashua, NH, Rockford, IL.