Realtor.com data shows that existing home sales slow down. The usual sold houses spent 60 days on the market in 2025. August – Longer than this time last year last year. You may be wondering: if the housing market is cooling, does that mean that housing prices are falling? The answer depends on a variety of factors, especially on Where You buy a home.
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Many markers’ homes are actually falling. The Federal Home Agency for Home Price Index shows that home prices are reduced by 0.2% from April to May (latest available data) and Realtor.com in August. The report shows that 31 of the largest annual prices of metravetters in the country’s metravette. Another eight cities have not seen any change in average price per year.
According to the US Census Office, the average price of the house in 2025. In the second quarter, it was $ 410,800 – compared to $ 423 100 at the beginning of the year. Housing stocks are also improving, which is good for housing prices in the coming months. (More in the home market means less competition, which usually means that sellers have to reduce prices to win buyers.)
Realtor.com shows that the total active inventory of homes for sale since 2024. August By 2025 August Danced by almost 21% and more than 20% of lists reduced the price last month.
However, stocks are lower than before Pandemic in most of the main meters, and we are unlikely to see a huge leap of the list until the mortgage rate falls. Even when home loan rates are slowly decreasing, many current homeowners still do not want to abandon 3% of the mortgage rates they secure early in pandemic.
Most forecasts require home prices to grow steadily in the coming years. Fannie Mae’s home price index, which measures price growth a year, predicts this quarter from 3.8% to 1.1% to 2026. The end of the end. H. This may mean an increase in the affordability of the entire nation’s buyers.
You deeper: Which is more important, low interest rate or house price?
But if you want or need to buy a house until they decline so that your market can be carefully selected for your market, it can be a great way to capture a good deal.
In Miami, for example, housing prices have fallen by almost 6%in recent years, while typical homes on the market are sitting on the market for 16 days longer than 2024. August Much more than half of the lists are reduced by 50 largest subway zones.
Look at some other markets, where home prices have fallen:
However, prices do not fall – the fact that housing costs have fallen by 31 out of the 50 largest subway zones, means that prices are stagnant or increased by 19 of the largest cities. The northeast is the main region of the US whose home prices are still rising. For example, the prices of the average house of Virginia beach metro district increased by 4.6%and Providence, Ri, since last August. Prices increased by 4.4%.
You deeper: Average housing prices by state
Waiting for more stocks or lower mortgage rates is not the only way to buy a house affordable.
Here are some strategies to consider whether you see home ownership in your less distant future.
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Buy with refinancing. Today you can enter the market with your home in your price range and look for refinancing. While you can get less home because of your budget, you can start building property. When the rates are reduced, you can refinance your mortgage to a lower rate or even another type of mortgage loan.
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Start a small one. Although it may not be your dream home, you can find the happiness of your home in today’s market by purchasing an apartment or buying a lot and putting a small house on it. Both types of housing can cost significantly less than one family home and help create property that translates cash when you are ready to increase.
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Go modular. No, it’s not mobile homes. Modular houses are the ones that are built as a single family home. The only difference is that they are installed in non -located modules and assemble when they fall into your party. They can also cost between 10% and 20% less than traditionally built homes.
It can be good to buy a house in 2026, as interest rates are likely to gradually decrease in terms of the Fannie Mae and Mortgage Banking Association industry. Home prices are expected to slow down.
Usually, housing prices will decrease when supply exceeds demand and sellers have to lower prices to lure buyers. From 2025 August The home supply increased, but the inventory in the mid -West and the northeast has not yet been caught in preschool.
If your finances are neat and this is the right phase of your life, it can be a smart time to buy a house. Interest rates have persistently remained, but they are not the level of heaven. Home prices have also slowed down as many markets have even noticed that prices have been decreasing in recent months.
Laura Grace Trypley Edited this article.