U.S. Asking Prices Post Smallest Increase in Nearly 2 Years As Home Sellers Adjust to Buyer’s Market
By: Dana Anderson | Published: 2025-07-24 12:00:00 | Source: www.redfin.com
Slowing price growth is good news for homebuyers. So are shrinking housing payments, with the median U.S. mortgage payment falling to its lowest level in five months.
The median U.S. asking price is $403,000, up just 2.2% year over year, the smallest increase in nearly two years.
Asking prices are losing steam because it’s a buyer’s market and sellers are realizing they must price lower to attract buyers. There were roughly half a million more home sellers than buyers in the U.S. as of springtime. While new listings have since slowed, rising just 0.6% year over year this week, there are still many more listings than sales: The total number of homes for sale is up 11%, while pending home sales are down 1.7%.
Sale-price growth is losing steam, too. Although the median…
