Housing Market at a Crossroads: Inventory Climbs but Some Sellers Hold Out
Realtor.com (NASDAQ:NWSA) released its June 2025 Housing Trends Report, revealing a complex market dynamic where active inventory rose 28.1% year-over-year, reaching a post-pandemic high. However, seller delistings increased 47% from the previous year, indicating growing seller hesitation in the current market environment.
The report shows that median listing prices held steady at $440,950, up just 0.1% year-over-year, while 20.7% of listings saw price reductions - the highest June level in nearly a decade. The median days on market increased to 53 days, five days longer than last year. The ratio of delistings to new listings reached 13% this spring, significantly higher than previous years, suggesting a growing trend of sellers choosing to wait out the market rather than adjust prices.
Realtor.com (NASDAQ:NWSA) ha pubblicato il suo Rapporto sulle Tendenze Abitative di giugno 2025, evidenziando una dinamica di mercato complessa in cui l'inventario attivo è aumentato del 28,1% su base annua, raggiungendo un picco post-pandemia. Tuttavia, le cancellazioni da parte dei venditori sono cresciute del 47% rispetto all'anno precedente, segnalando una crescente esitazione dei venditori nell'attuale contesto di mercato.
Il rapporto mostra che i prezzi medi di listino sono rimasti stabili a 440.950 dollari, con un aumento di appena lo 0,1% su base annua, mentre il 20,7% degli annunci ha subito riduzioni di prezzo - il livello più alto per un giugno degli ultimi quasi dieci anni. I giorni medi sul mercato sono saliti a 53 giorni, cinque giorni in più rispetto all'anno scorso. Il rapporto tra cancellazioni e nuovi annunci ha raggiunto il 13% questa primavera, un valore significativamente più alto rispetto agli anni precedenti, suggerendo una tendenza crescente di venditori che preferiscono attendere piuttosto che adeguare i prezzi.
Realtor.com (NASDAQ:NWSA) publicó su Informe de Tendencias de Vivienda de junio de 2025, revelando una dinámica de mercado compleja donde el inventario activo aumentó un 28,1% interanual, alcanzando un máximo post-pandemia. Sin embargo, las cancelaciones por parte de los vendedores aumentaron un 47% respecto al año anterior, indicando una creciente duda entre los vendedores en el entorno actual del mercado.
El informe muestra que los precios medianos de listado se mantuvieron estables en $440,950, con un aumento de solo el 0,1% interanual, mientras que el 20,7% de los listados registraron reducciones de precio - el nivel más alto en junio en casi una década. Los días medianos en el mercado aumentaron a 53 días, cinco días más que el año pasado. La proporción de cancelaciones respecto a nuevos listados alcanzó el 13% esta primavera, significativamente más alta que en años anteriores, lo que sugiere una tendencia creciente de vendedores que prefieren esperar en lugar de ajustar precios.
Realtor.com (NASDAQ:NWSA)는 2025년 6월 주택 동향 보고서를 발표하며, 활성 재고가 전년 대비 28.1% 증가해 팬데믹 이후 최고치를 기록하는 복잡한 시장 상황을 드러냈습니다. 그러나 판매자 취소 건수가 전년 대비 47% 증가해 현재 시장 환경에서 판매자들의 망설임이 커지고 있음을 보여줍니다.
보고서에 따르면 중간 매물 가격은 440,950달러로 거의 변동이 없었으며 전년 대비 0.1% 상승에 그쳤고, 20.7%의 매물에서 가격 인하가 이루어져 거의 10년 만에 6월 기준 최고치를 기록했습니다. 중간 시장 체류 기간은 53일로 전년 대비 5일 늘었습니다. 매물 취소 비율은 이번 봄 13%에 달해 이전 해보다 크게 높아졌으며, 이는 판매자들이 가격 조정보다 시장 상황을 기다리는 경향이 커지고 있음을 시사합니다.
Realtor.com (NASDAQ:NWSA) a publié son Rapport sur les Tendances du Logement de juin 2025, révélant une dynamique de marché complexe où l'inventaire actif a augmenté de 28,1 % en glissement annuel, atteignant un sommet post-pandémie. Cependant, les retraits des vendeurs ont augmenté de 47 % par rapport à l'année précédente, indiquant une hésitation croissante des vendeurs dans l'environnement actuel du marché.
Le rapport montre que les prix médians des annonces sont restés stables à 440 950 $, en hausse de seulement 0,1 % en un an, tandis que 20,7 % des annonces ont subi des baisses de prix - le niveau le plus élevé pour un mois de juin depuis près d'une décennie. La durée médiane sur le marché a augmenté à 53 jours, soit cinq jours de plus que l'année dernière. Le ratio des retraits par rapport aux nouvelles annonces a atteint 13 % ce printemps, nettement plus élevé que les années précédentes, suggérant une tendance croissante des vendeurs à attendre plutôt qu'à ajuster les prix.
Realtor.com (NASDAQ:NWSA) veröffentlichte seinen Wohntrends-Bericht für Juni 2025, der eine komplexe Marktdynamik aufzeigt, bei der der aktive Bestand im Jahresvergleich um 28,1 % gestiegen ist und damit einen Höchststand seit der Pandemie erreicht hat. Gleichzeitig stiegen die Rücknahmen von Verkäufern um 47 % gegenüber dem Vorjahr, was auf eine wachsende Zurückhaltung der Verkäufer im aktuellen Marktumfeld hinweist.
Der Bericht zeigt, dass die mittleren Angebotspreise stabil bei 440.950 USD blieben, was einem Anstieg von nur 0,1 % im Jahresvergleich entspricht, während 20,7 % der Angebote Preissenkungen erfuhren – der höchste Wert für Juni seit fast einem Jahrzehnt. Die mittlere Verweildauer auf dem Markt stieg auf 53 Tage, fünf Tage länger als im Vorjahr. Das Verhältnis von Rücknahmen zu neuen Angeboten erreichte im Frühjahr 13 %, deutlich höher als in den Vorjahren, was auf einen wachsenden Trend hindeutet, dass Verkäufer lieber abwarten, als ihre Preise anzupassen.
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Insights
Housing market shifting as inventory rises 28.9% YoY, but delistings surge 47% as patient sellers pull listings rather than cut prices.
The June housing data reveals a market at an inflection point, with active inventory climbing 28.9% year-over-year to over 1 million listings nationwide—the highest post-pandemic level—while median listing prices remained essentially flat at $440,950 (+0.1% YoY). What's particularly notable is the 47% surge in delistings compared to last year, outpacing the overall inventory growth rate of 31.5%. This signals many sellers are choosing to wait rather than accept lower offers.
The ratio of delistings to new listings reached 13% this spring, meaning approximately 13 homes were pulled from the market for every 100 newly listed—significantly higher than previous years (10% in 2024 and 2023, 6% in 2022). This metric is critical because it shows a growing pool of potential inventory that remains sidelined, creating an unusual dynamic where overall selection improves for buyers while many sellers exercise patience.
Markets experiencing the largest inventory gains include Las Vegas (+77.6%), Washington D.C. (+63.6%), and Raleigh (+56.4%). Meanwhile, 20.7% of active listings saw price reductions—the highest June level in nearly a decade. Homes are staying on market longer too, with median days on market increasing to 53 days, five days longer than last year.
The regional divergence is striking: 36 of the 50 largest metros showed year-over-year median price declines, with markets like Austin (-4.5%), Sacramento (-4.8%), and Miami (-4.7%) seeing more significant adjustments. This patchy pricing environment, combined with the rising delisting trend, suggests we're witnessing a standoff between price-sensitive buyers and equity-rich sellers who can afford to wait—potentially delaying a full transition to a buyer's market despite improving inventory conditions.
Delistings rise as some sellers choose to wait out the market
"This year's market is a study in contrasts," said Danielle Hale, Chief Economist at Realtor.com®. "Buyers are seeing more choices than they've had in years, but many sellers, anchored by peak price expectations and upheld by strong equity positions, are deciding to step back if they don't get their number. Looking forward, this dynamic will affect whether we tip from a balanced to buyer's market, and if so, how quickly that happens."
June 2025 Housing Metrics – National (*For metro stats, see table overview below)
Metric | Jun. 2025 | Change over | Change over | Change over |
Median listing price | +0.2 % | +0.1 % | +37.8 % | |
Active listings | 1,085,520 | +4.8 % | +28.9 % | -11.3 % |
New listings | 452,414 | -2.7 % | +6.2 % | -18.7 % |
Median days on market | 53 | +2 days | +5 days | 0 (no change) |
Share of active listings | 20.7 % | +1.6 percentage | +2.3 percentage | +3.7 percentage |
Median List Price Per | -0.4 % | +0.7 % | +52.9 % |
Inventory Hits New Post-Pandemic High, Giving Buyers More Options
Even with more homeowners withdrawing their listings, buyers still have more homes to choose from since the pandemic began. Nationally, active listings topped 1 million for the second straight month, putting inventory about
Inventory grew in all four major
Price Cuts Climb to Highest June Level in Nearly a Decade
Facing stiffer competition and affordability-challenged buyers, more sellers are adjusting their expectations, but cautiously. In June,
Still, even with more markdowns, the national median list price held steady at
Delistings Rise
While the number of homes for sale rose substantially, marking the 20th straight month of inventory growth, more homeowners are also opting to delist. Delistings outpaced overall inventory gains, jumping
These stats highlight an important market dynamic happening; inventory is up by a lot overall, but delistings are growing faster than overall inventory growth, so more homes are listing and staying on the market, but more homes are coming off as delistings too.
Put simply: although buyers have more homes to choose from overall, a growing slice of sellers have tested the market and would prefer to sit on the sidelines rather than reduce their price. The ratio of delistings to new listings reached
In hot spots like
"We're seeing hesitation on both sides of the market," said Anthony Djon, founder of Anthony Djon Luxury Real Estate. "Inventory is rising, giving buyers more options and making them more price-sensitive and selective. At the same time, some sellers—especially those not getting immediate traction—are stepping back. The market has clearly shifted from the urgency and intensity of recent years, and today's homeowners are having to recalibrate their expectations."
June 2025 Housing Overview of the 50 Largest Metros
Metro | Active Listing | New Listing | Median List | Median List | Median List | Median Days | Price-Reduced |
36.7 % | 3.1 % | -0.9 % | -1.2 % | 9 | 3.8 | ||
20.1 % | 1.1 % | -4.5 % | -4.6 % | 7 | 1.5 | ||
* | 42.6 % | 5.1 % | 7.0 % | 3.5 % | -3 | 2.5 | |
13.5 % | 0.2 % | 3.3 % | 1.8 % | 7 | 1.5 | ||
30.2 % | 3.3 % | -1.1 % | 1.2 % | 6 | 2.5 | ||
Buffalo-Cheektowaga, | 8.1 % | 5.5 % | 3.8 % | 7.3 % | 1 | 0.3 | |
53.6 % | 11.1 % | 3.3 % | -0.1 % | 8 | 5.0 | ||
10.7 % | 0.1 % | -3.8 % | -0.2 % | 1 | 1.7 | ||
28.8 % | 8.0 % | -6.3 % | 1.1 % | 1 | 0.8 | ||
25.3 % | 11.3 % | 0.7 % | 4.3 % | 0 | 2.0 | ||
40.0 % | 11.2 % | -2.5 % | -0.4 % | 11 | 3.8 | ||
38.6 % | 7.8 % | -2.3 % | -1.2 % | 7 | 2.4 | ||
46.9 % | 3.0 % | -3.6 % | -2.2 % | 9 | 4.0 | ||
25.0 % | 10.6 % | 1.8 % | 2.3 % | 0 | 3.4 | ||
17.4 % | 5.4 % | 3.7 % | 3.1 % | 5 | 1.9 | ||
Hartford-West | 17.3 % | 9.3 % | 3.1 % | 3.4 % | -3 | 1.8 | |
31.7 % | -1.7 % | 1.4 % | -0.4 % | 1 | 3.2 | ||
31.1 % | 14.6 % | -3.3 % | -0.8 % | 3 | 4.1 | ||
24.0 % | -3.9 % | -2.6 % | -2.3 % | 12 | 0.8 | ||
36.6 % | 4.5 % | -1.3 % | 0.3 % | -2 | 2.2 | ||
77.6 % | 7.3 % | -1.0 % | -0.4 % | 11 | 8.5 | ||
Los Angeles-Long | 49.9 % | 7.9 % | -1.4 % | -1.9 % | 7 | 4.8 | |
| 26.9 % | 5.3 % | -1.3 % | 2.4 % | 2 | 1.7 | |
21.1 % | 1.2 % | 0.7 % | 1.9 % | 7 | 0.8 | ||
Miami-Fort | 35.0 % | -2.8 % | -4.7 % | -4.0 % | 15 | 0.5 | |
| 0.8 % | 18.5 % | 2.5 % | 7.4 % | -3 | 2.3 | |
12.3 % | 4.5 % | -0.5 % | -0.8 % | 4 | 2.3 | ||
37.5 % | 18.1 % | -4.6 % | -2.1 % | 20 | -1.9 | ||
9.7 % | 18.3 % | 0.8 % | -4.4 % | 2 | 0.2 | ||
31.9 % | 6.6 % | 0.0 % | 0.8 % | -4 | 1.5 | ||
33.7 % | -3.3 % | -3.4 % | -2.8 % | 15 | 2.8 | ||
* | 20.0 % | 0.5 % | -1.9 % | 1.0 % | -2 | 1.9 | |
44.2 % | 5.7 % | -3.0 % | -1.2 % | -2 | 5.1 | ||
19.7 % | 5.7 % | 0.0 % | 2.1 % | 3 | 2.5 | ||
30.1 % | 7.5 % | -1.6 % | -2.5 % | 6 | 3.7 | ||
| 29.5 % | 3.8 % | 3.4 % | 5.8 % | 3 | 2.7 | |
56.4 % | 11.9 % | -1.6 % | -0.5 % | 10 | 5.7 | ||
17.3 % | 11.6 % | -1.7 % | 1.1 % | -3 | 3.2 | ||
Riverside-San | 43.5 % | 0.2 % | -1.6 % | -0.7 % | 11 | 4.3 | |
47.5 % | 5.2 % | -4.8 % | -3.0 % | 7 | 5.9 | ||
San Antonio-New | 18.3 % | -9.5 % | -2.2 % | -2.4 % | 10 | 0.6 | |
55.3 % | 7.0 % | -2.0 % | -3.8 % | 8 | 4.8 | ||
29.9 % | -0.3 % | -0.1 % | -3.7 % | 9 | 3.3 | ||
39.0 % | -3.1 % | -3.5 % | -2.1 % | 9 | 5.7 | ||
45.9 % | 5.3 % | 1.4 % | 2.5 % | 6 | 4.8 | ||
18.8 % | 9.0 % | -3.2 % | -1.8 % | 0 | 3.5 | ||
27.5 % | -4.1 % | -1.4 % | -2.4 % | 11 | 1.1 | ||
51.0 % | 10.8 % | -1.9 % | -2.2 % | 12 | 2.9 | ||
| 29.2 % | 11.9 % | 5.2 % | 5.0 % | 6 | 3.0 | |
* | 63.6 % | 4.1 % | -1.6 % | -3.9 % | 3 | 4.7 |
*Note: Changes in the underlying source data for the
Methodology
Realtor.com housing data as of June 2025. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com; new construction is excluded unless listed via an MLS that provides listing data to Realtor.com. Realtor.com data history goes back to July 2016. The 50 largest
Beginning with our April 2025 report, we have transitioned to a revised national pending home sales data series that applies enhanced cleaning methods to improve consistency and accuracy over time. While the insights and commentary in this report reflect the new series, the downloadable data remains based on our legacy automated pipeline. As a result, there may be slight differences between the report figures and those in the national download file as we transition.
With the release of its January 2025 housing trends report, Realtor.com® has restated data points for some previous months. As a result of these changes, some of the data released since January 2025 will not be directly comparable with previous data releases (files downloaded before January 2025) and Realtor.com® economics research reports.
About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.
Media contact: Asees Singh, press@realtor.com
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SOURCE Realtor.com
