Homes are spending longer on the market, with the typical listing lasting 78 days. Home prices have declined in 30 of the 50 largest U.S. metros, with notable drops in Austin, Washington, DC, and Memphis. The median home price fell to $405,300 in late 2025. Inventory rose 10% but remains below pre-pandemic levels. Prices are rising mainly in the Northeast. Buyers can consider refinancing later, starting small, or choosing modular homes.
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