U.S. Housing Market Report — Aug 2024

The national median listing price fell to $430K (-1.3% year over year) in Aug 2024. Active inventory rose to 908,944 listings (+35.7% YoY), with the typical home spending 53 days on market.

Sellers cut prices on 19.2% of listings (+18.6% vs last year). The typical U.S. asking rent stands at $1,887/mo (Zillow ZORI).

The hottest markets this month: Manchester-Nashua, NH, Springfield, MA, Rockford, IL, Oshkosh-Neenah, WI, Concord, NH.