U.S. Housing Market Report — May 2026

The national median listing price fell to $430K (-2.4% year over year) in May 2026. Active inventory rose to 1.06M listings (+2.2% YoY), with the typical home spending 52 days on market.

Sellers cut prices on 17.5% of listings (-8.4% vs last year). The typical U.S. asking rent stands at $1,960/mo (Zillow ZORI).

The hottest markets this month: Hartford-West Hartford-East Hartford, CT, Amherst Town-Northampton, MA, Waterbury-Shelton, CT, Norwich-New London-Willimantic, CT, Springfield, MA.