The US housing market this week is defined by cooling demand, slowly growing supply, and persistent affordability stress, even as mortgage rates edge down from their recent peaks.[3][4][5]Fresh data for late November and early December show that inventory is still rising year over year, but the pace is slowing as would be sellers react to weak buyer traffic and keep homes off the market.[2][3] Realtor.com reports that U.S. housing inventory in November was up 12.6 percent from a year earlier, marking the 25th consecutive month of growth, while homes sat on the market a median of 64 days, three days longer than last year.[2] Redfin finds the total number of homes for sale up just over 5 percent year over year in recent weeks, with new listings stalling and delistings becoming more common.[3]Prices are flattening nationally. Realtor.com estimates a national median list price of 415,000 dollars in November, down 0.4 percent from a year ago.[2] Three of four regions show flat or falling prices, with only the Midwest up about 1.7 percent year over year.[2] At the same time, starter home prices continue to inch up, with Redfin citing a 2 percent annual gain to a median of 260,000 dollars in October, reflecting tighter entry level supply.[3]Consumer behavior has shifted toward what Realtor.com calls refuge markets: smaller, more affordable metros such as Grand Rapids, Milwaukee, Pittsburgh, and Cleveland that offer lower prices but positive price growth.[2] These markets are attracting cost conscious movers fleeing expensive coastal cities.[2] Deals are taking longer and buyers are more cautious: Redfin reports that roughly 15 percent of home purchases fell through in October, slightly higher than a year earlier, as buyers use abundant listings and inspection contingencies to renegotiate or walk away.[3]On the financing side, Experian notes that over 80 percent of homeowners still hold mortgages well below current 6 to 7 percent rates, reinforcing the lock in effect and limiting move up activity, even as construction remains uneven and new starts weak.[5] Compared with earlier in 2025, when inventory was tightening and prices were still rising more broadly, the current market looks softer, slower, and more segmented between affordable refuge metros and cooling high cost coastal hubs.[2][3][5]For great deals today, check out https://amzn.to/44ci4hQThis content was created in partnership and with the help of Artificial Intelligence AI

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