The spring housing market ended with less momentum than many sellers may have hoped. Redfin reported that seasonally adjusted new listings fell 1.7% week over week during the week ending June 21, reaching their lowest level since February. Active listings also slipped 0.4%, the largest weekly drop since late April.<\/p>\n\n\n\n
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Many homeowners are still reluctant to list because selling often means becoming a buyer again. With mortgage rates elevated and home prices high, owners who locked in lower rates in previous years may see little reason to trade into a more expensive monthly payment. Softer buyer demand is another factor. Pending sales edged down 0.1% week over week, marking a third straight weekly decline from the May peak, even though pending sales were still 4.2% higher than a year earlier.<\/p>\n\n\n\n
| Metric<\/th>\n | Value<\/th>\n | Year-over-year change<\/th>\n | Note<\/th>\n <\/tr>\n <\/thead>\n\n |
|---|---|---|---|
| Median sale price<\/td>\n | $408,814<\/td>\n | +2.5% YoY<\/td>\n | Record high<\/td>\n <\/tr>\n\n |
| Median asking price<\/td>\n | $404,396<\/td>\n | +2.6% YoY<\/td>\n | Seasonally adjusted<\/td>\n <\/tr>\n\n |
| Median monthly payment<\/td>\n | $2,628<\/td>\n | -0.2% YoY<\/td>\n | Based on a 6.47% mortgage rate<\/td>\n <\/tr>\n\n |
| Pending sales<\/td>\n | 332,018<\/td>\n | +4.2% YoY<\/td>\n | -0.1% week over week<\/td>\n <\/tr>\n\n |
| New listings<\/td>\n | 357,733<\/td>\n | +1.5% YoY<\/td>\n | -1.7% week over week<\/td>\n <\/tr>\n\n |
| Active listings<\/td>\n | 1,485,686<\/td>\n | +0.4% YoY<\/td>\n | -0.4% week over week<\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n <\/div>\n\n \n cf. U.S. housing market indicators for the week ending June 21, 2026, Source: Redfin\n <\/p>\n<\/div>\n\n |