High angle view of houses in town

Home list prices fell 2.4% over the year in May to $429,500, the sharpest annual drop in nearly a decade

American home sellers cut asking prices in May 2026 at a pace not seen in nearly a decade, pushing the national median list price down 2.4% year over year to $429,500. The decline, the steepest since Realtor.com began tracking the metric, signals that the pandemic-era pricing playbook has finally expired. For buyers who spent years…

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Aerial view of residential area surrounded by houses in Florida

Home sellers now outnumber buyers by about 470,000 nationwide

American homebuyers now hold a rare advantage: sellers across the country outnumber active purchasers by roughly 470,000, a gap that has widened faster than at any point in recent housing history. The imbalance, driven by rising construction activity and cautious buyer demand, is reshaping negotiations in dozens of metro areas and forcing price expectations lower…

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