U.S. Housing Market Report — Dec 2025

The national median listing price fell to $400K (-0.6% year over year) in Dec 2025. Active inventory rose to 976,833 listings (+12.1% YoY), with the typical home spending 73 days on market.

Sellers cut prices on 12.9% of listings (+0.3% vs last year). The typical U.S. asking rent stands at $1,945/mo (Zillow ZORI).

The hottest markets this month: Kenosha, WI, Springfield, MA, Racine-Mount Pleasant, WI, Manchester-Nashua, NH, Lancaster, PA.