U.S. Housing Market Report — Nov 2024

The national median listing price fell to $417K (-0.8% year over year) in Nov 2024. Active inventory rose to 952,414 listings (+26.1% YoY), with the typical home spending 61 days on market.

Sellers cut prices on 16.7% of listings (-7.1% vs last year). The typical U.S. asking rent stands at $1,900/mo (Zillow ZORI).

The hottest markets this month: Springfield, MA, Rockford, IL, Oshkosh-Neenah, WI, Hartford-West Hartford-East Hartford, CT, Lancaster, PA.