July 9, 2026, EDITION

New listings continue to outpace last year's levels, giving buyers more choices as the summer market moves forward. Active inventory has remained above 1.1 million homes, while homes are continuing to sell at a pace similar to last year, creating a more balanced market for buyers and sellers.

Sellers are pricing homes more strategically from the start. The number of listings with price reductions has continued to decline, suggesting many homeowners are entering the market with realistic expectations that help keep transactions moving.

Buyer demand remains steady despite affordability challenges. Lower closing costs on purchase loans and strong consumer interest in homeownership are helping keep buyers engaged throughout the summer.

The summer housing market continues to offer more opportunities than buyers have seen in recent years. Growing inventory and thoughtful seller pricing are creating an environment where buyers have more time to compare homes and make informed decisions.

Interest in homeownership remains strong. Recent surveys show more Americans now believe buying a home is a better long-term choice than renting, reflecting continued confidence in homeownership despite today's market conditions.

The overall market remains on steady footing. Healthy employment, stable consumer spending, and improving housing inventory are helping support consistent activity as the summer season continues.

DID YOU KNOW?...The share of homes with price reductions has continued to decline since March, a sign that many sellers are pricing their homes more accurately before they hit the market.

Freddie Mac's latest Primary Mortgage Market Survey shows mortgage rates remaining relatively stable in recent weeks. While affordability continues to be an important consideration, steady inventory growth and realistic home pricing are helping many buyers find new opportunities this summer. Remember, mortgage rates can be extremely volatile, so check with your mortgage professional for the most up-to-the-minute information.

Don't let a home's online photos be the only factor in your decision. Some homes show much better in person than they do online, while others may be in neighborhoods that fit your lifestyle better than you expected. Touring a few homes can help you discover opportunities you might otherwise overlook.

Today's buyers appreciate homes that are clean, well-maintained, and move-in ready. Small improvements like fresh landscaping, decluttering, or a fresh coat of paint can make a lasting first impression and help your home stand out in a market with more available inventory.