Across the U.S., the housing market is taking its time rebalancing. Active inventory has edged up about 4% year-over-year, though that growth just cooled for the first time in five weeks. This hints at a slow but steady shift favoring buyers, without a sudden increase in available homes. Properties are spending an average of 61 days on the market—unchanged from last year and right in line with what we typically see as late Q3 approaches. New listings dipped roughly 1% compared to a year ago, trending back toward 2025 levels. Many buyers remain cautious due to affordability, and some sellers are still hesitant to test today's pricing. The median list price now sits at $419,000 (down about 1% year-over-year), with the price per square foot at $222—the lowest since early Q1 2026. Inventory gains and higher mortgage rates are gradually shifting conditions in favor of buyers, but the national market overall is still moving at a measured pace rather than seeing dramatic change. My deep understanding of market trends here in Baltimore and the surrounding counties helps clients navigate these nuanced shifts with confidence.
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