U.S. Housing Market Report — Jul 2024

The national median listing price fell to $437K (-0.6% year over year) in Jul 2024. Active inventory rose to 883,905 listings (+36.6% YoY), with the typical home spending 51 days on market.

Sellers cut prices on 19.5% of listings (+25.9% vs last year). The typical U.S. asking rent stands at $1,883/mo (Zillow ZORI).

The hottest markets this month: Manchester-Nashua, NH, Springfield, MA, Rockford, IL, Hartford-West Hartford-East Hartford, CT, Amherst Town-Northampton, MA.