U.S. Housing Market Report — May 2025

The national median listing price rose to $440K (+0.1% year over year) in May 2025. Active inventory rose to 1.04M listings (+31.5% YoY), with the typical home spending 51 days on market.

Sellers cut prices on 19.1% of listings (+14.1% vs last year). The typical U.S. asking rent stands at $1,922/mo (Zillow ZORI).

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