$430,000 was the national median listing price in June, down 2.5% from a year earlier and marking the eighth straight month of annual asking-price declines.
Realtor.com said buyers gained leverage as 18.8% of active listings saw price reductions and active inventory rose 1.9% year over year, giving shoppers more options and fewer bidding-war pressures.
53 days was the median time on market, unchanged from a year earlier after 26 months of annual increases, suggesting homes are no longer taking longer to sell even as sellers turn more flexible.
Regional conditions still diverge: active listings in the South and West now slightly exceed pre-pandemic levels, while the Northeast remains 47.3% below them and asking prices there are still up 12.6% since June 2022.