Sellers Start Pricing Lower, Monthly Mortgage Payments Dip to 4-Month Low
By: Dana Anderson | Published: 2025-07-17 12:00:00 | Source: www.redfin.com
The median U.S. asking price posted its smallest increase since the start of 2025 as more sellers come to terms with the reality of today’s buyer’s market.
The median U.S. asking price was $407,000 during the four weeks ending July 13, up 2.9% year over year, the smallest increase in over four months. That’s just slightly higher than the median home-sale price of $401,120; the small size of that gap is a sign that sellers are starting to price their homes lower as they realize it’s a buyer’s market. The median sale price is up just 1.7% year over year; given that the average U.S. wage has increased by more than 4%, homes are more affordable than they were last year.
The housing market has been tilting in buyers’ favor for months, with buyers getting concessions from…
