National inventory may have already peaked for the year, holding flat at 861,000 single-family homes. New listings have slowed to last year’s levels, while seller withdrawals are running 45–50% higher than 2024. Demand is steady but subdued, with pending sales tracking in line with last year. Prices are now under pressure, with price per square foot slipping below 2024 levels and 42% of listings cutting their asking price—the highest August rate in more than a decade.
Chief Economist Mike Simonsen breaks down these trends in real time, using data from Altos Research and Compass to help buyers and sellers make confident, informed decisions in a fast-changing market.
For buyers and sellers navigating today’s housing market, staying on top of real-time data is essential. Whether you’re planning to list your home or looking to purchase, understanding inventory shifts, price reductions, and demand trends can give you a competitive edge in making smarter real estate decisions.
