U.S. Housing Market Shows Signs of Stabilization in June 2025

The U.S. housing market may be experiencing a transformative shift, moving away from years of frenzied home sales, limited inventory, and escalating prices. Insights from June 2025 data released by Realtor.com, Zillow, and RE/MAX highlight a notable cooling trend that could indicate a more balanced marketplace for both buyers and sellers.

Rising Inventory Levels

A striking trend across multiple reports is the significant rise in housing inventory.

• Realtor.com: The number of homes actively for sale in June surged by 28.9% year-over-year, surpassing the crucial 1 million mark for the first time since 2020. This marks the 20th consecutive month of inventory growth, reflecting a substantial shift in supply dynamics.
• Zillow: Reported 1.36 million homes available in June, a 17% increase from the previous year and the highest inventory since November 2019, driven largely by new listings and prolonged selling times.
• RE/MAX: Tracking 50 major metro areas, they observed inventory levels rise by 30.1% compared to June 2024 and by 3.9% since May 2025.

Industry Expert Insight: Mike Opyd from RE/MAX Premier notes that sellers who previously hesitated to list are now adjusting to the reality of interest rates and market conditions, ultimately contributing to the rise in available properties.

Increase in Price Cuts

With more homes on the market and a slow-down in buyer urgency, sellers are reevaluating their pricing strategies.

• Realtor.com states that 20.7% of active listings saw price reductions in June, the highest for that month on record.
• Zillow reports a higher figure: 26.6% of listings had price cuts—marking the most significant decrease in June since the tracking began in 2018.

This trend is particularly evident in previously competitive markets like Phoenix, Denver, and Nashville, where homes are now remaining unsold longer.

Extended Selling Duration

The urgency that once defined home sales is fading.

• According to Realtor.com, homes spent an average of 53 days on the market in June—up five days compared to the previous year, signaling a return to pre-pandemic timelines.
• Zillow indicates homes are now taking a median of 19 days to go under contract, an increase from 15 days in 2024 and 11 days in 2023. Meanwhile, RE/MAX identifies an average of 31 days for homes sold.

Stabilizing Prices

Despite an increase in inventory and extended selling times, home prices remain relatively stable.

• Realtor.com reports a national median listing price of $440,950 in June, a marginal increase of 0.2% year-over-year.
• RE/MAX provides complementary data, showing a median sales price of $440,000, marking a 2.1% uptick from last year and 2.8% higher than May.

Implications for Buyers and Sellers

For Buyers

• More Options: Increased inventory means more choices and reduced competition.
• Negotiation Power: Buyers can take time to assess properties, making well-informed offers without the pressure to rush.

For Sellers

• Challenging Environment: Simply listing a home at a high price isn’t enough; competitive pricing combined with effective staging and flexible negotiation tactics is essential to attract interest.

"The housing market dynamics are evolving, and understanding these changes is crucial for making informed decisions," says industry consultant Mike Opyd.

In summary, the U.S. housing market appears to be stabilizing after a period of explosive growth, now presenting a more balanced scenario for buyers and sellers. For further real estate insights, you can explore resources such as Realtor.com, Zillow, and RE/MAX.