The national median asking price for a home fell 2.5% year over year to $430,000 in June, the steepest annual drop in Realtor.com's data history dating back to 2017. That marks eight straight months of price declines and hints at a housing market finally settling into a more sustainable rhythm.
Data as of 2026-06-28Price 98.02 USD Day change +1.2 (+1.24%) 52-week range 93.67 – 99.15 Dividend yield 3.49% RSI (14) 55.66 Volume 3,560,602
What the Numbers Actually Show
A buyer who closed on that $430,000 median home in June, putting 20% down at an average mortgage rate of 6.49%, faced a monthly payment of roughly $2,172. Compare that to June 2025, when the median price sat at $440,950 and rates averaged 6.82%: buyers are now saving about $132 a month, or more than $1,500 annually. That is a meaningful shift, though it is worth asking whether a single year of comparison tells the whole affordability story, given how far prices and rates have climbed since 2019.
Time on market also flattened for the first time in over two years, with homes sitting for a median 53 days, unchanged from a year earlier. Pending sales climbed 3.7% year over year, the seventh consecutive month of gains, while the share of listings with a price cut shrank to 18.8% from a wider figure the year before. Together these figures suggest sellers are pricing closer to what buyers will actually pay, rather than testing the market with inflated asks.
Are Sellers Really Getting Smarter
Realtor.com's chief economist, Danielle Hale, frames the pricing shift as sellers