New listings fell to 18.5K nationwide, tightening supply as many owners delayed selling amid uncertainty.
National inventory sat near 37.1K homes for sale, with limited supply adding upward pressure on prices.
Single-family homes led activity: median price $805.1K, selling in 33 days; multifamily took 55 days.
Renting stayed active as affordability pressures grew; median rent $2.2K ↑~0.3%, leasing in 20 days.
A price-to-rent ratio near 24.5 suggested ownership can compete with renting, though regional conditions varied widely.
I’m seeing a housing market where prices look steady and homes move quickly, but fewer new listings are tightening supply. That’s boosting competition, keeping rentals busy, and making conditions vary widely by region.
