Homebuyers gained leverage in 2025 as home price pressures eased and for-sale inventory rose 15.3% year over year, surpassing 1 million homes. Inventory growth slowed for six months but increased across all major U.S. regions. Some metros in the South and West exceed pre-pandemic inventory by over 25%, while others lag significantly. Median prices rose slightly, but 20% of listings had price cuts. Homes spent longer on the market, reflecting cautious buyer behavior and slower sales.
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