The US housing market is showing significant momentum as we enter December 2025, with real-time data from the past 48 hours revealing meaningful shifts in both buyer behavior and pricing dynamics.Home prices are now tracking below 2024 levels, with asking prices nearly 2 percent lower than last year. The Case-Shiller data confirms this trend, showing national prices stalling after months of appreciation. Most notably, the median price for newly pending contracts has averaged around 389,000 dollars recently, representing a notable shift from earlier in the year when the US median home price reached a record 432,700 dollars in July.Weekly pending home sales tell a compelling story of recovering demand. End-of-November data shows approximately 59,000 single-family homes and 12,000 condos receiving offers weekly, compared to just 54,000 homes a year ago. This marks the strongest November sales pace since 2021, suggesting momentum heading into 2026. Inventory has grown substantially, up 15.7 percent year-over-year, with levels approaching 2019 norms, giving buyers considerably more choices than in recent years.Mortgage rates have stabilized in the low 6 percent range, with predictions suggesting the 30-year fixed will hover around 6.3 to 6.375 percent in December. Rates declined to 6.23 percent on November 26, down from 6.26 percent on November 20.However, challenges persist. Sellers are showing signs of capitulation, with October recording a surge in delistings and record price cuts as homes linger on the market longer. Labor market concerns continue to dampen buyer confidence, and affordability remains strained despite improved conditions. The median homebuyer age is now 59, while first-time buyers average 40 years old, indicating younger households are being priced out of the market.Construction remains constrained, with single-family home building expected to decline 6 to 7 percent this year, limiting new supply that could ease affordability pressures.Overall, December data indicates a housing market in transition. While buyer activity is accelerating and inventory is expanding, price pressures are mounting, and affordability challenges persist. The market appears positioned for potential sales growth in 2026, but only if mortgage rates continue declining and affordability improves.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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